7-Eleven to purchase more than 1,100 Sunoco stores

Irving, Texas-based 7-Eleven Inc. said on April 6 that it is entering into an asset purchase agreement with Philadelphia-based Sunoco LP. As part of the agreement, 7-Eleven will acquire approximately 1,108 convenience stores located in 18 states. The transaction is expected to close in the second half of this year.

“This acquisition supports our growth strategy in key geographic areas, including Florida, mid-Atlantic states, Northeast states and central Texas,” said 7-Eleven President and CEO Joe DePinto in a statement. “It also provides 7-Eleven entry into Houston, the fourth largest city in the United States, and a strong presence in Corpus Christi and across south Texas.”

7-Eleven currently has 8,707 stores in the United States and Canada.