7-Eleven, Inc. Completes Transaction With ExxonMobil

Your Oil and Gas News:

7-Eleven, Inc. announced today that it has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concludedJan. 20; terms of the deal were not disclosed.

The 51 sites, all of which are in the greater Dallas/Fort Worth area, include two unused parcels of land. The majority of locations will be rebranded as 7-Eleven® stores. The stations will retain the Exxon gasoline brand, allowing consumers to continue to purchase the same high-quality Exxon fuels and use their ExxonMobil credit cards and Speedpass devices.

“This acquisition fits well with our aggressive growth strategy,” said Robbie Radant, 7-Eleven’s new vice president of mergers and acquisitions. “We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start.”

Leave a Comment

Your email address will not be published. Required fields are marked *