In 2023, the largest players kept getting bigger in the convenience store sector, particularly for chains that combine stores and gas stations. It looks like 2024 is off to a good start.
7-Eleven Inc. has announced an agreement to acquire 204 stores from Sunoco in a deal worth about $1B. The acquisition includes Stripes convenience stores and Laredo Taco restaurants in locations across West Texas, New Mexico and Oklahoma.
With the addition of the 204 stores in the Southwest, 7-Eleven will own and operate all Stripes and Laredo Taco locations across the U.S., adding to a chain that includes more than 13,000 outlets across the U.S. and Canada.
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