7-Eleven, Inc. announced the largest acquisition in sector history with its $21 billion acquisition of the Speedway convenience store chain from Marathon Petroleum Corp. 7-Eleven will increase its store count to 14,000 locations in the U.S., bolstered by the acquisition of 3,900 Speedway stores located across 35 states.
"This acquisition is the largest in our company's history and will allow us to continue to grow and diversify our presence in the U.S., particularly in the Midwest and East Coast," said Joe DePinto, President and Chief Executive Officer of 7-Eleven. "By adding these quality locations to our portfolio, 7-Eleven will have the opportunity to bring convenience to more customers than ever before."
