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7-Eleven Buying Gas Station Franchise

Video Credit: Wochit News
Published on August 4, 2020 - Duration: 00:27s

7-Eleven Buying Gas Station Franchise

7-Eleven's parent company is buying Speedway gas stations in a $21 billion all-cash deal.

After tax, the deal will bring in roughly $16.6 billion for Marathon Gas.

Marathon hopes to use the sale to "strengthen [the] balance sheet." Business Insider reports the deal will create a 7-Eleven presence in 47 of the top 50 most populated metro areas With the addition of Speedway locations, Seven & I Holdings will have roughly 14,000 locations in the US and Canada.

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7-Eleven

Japanese-owned American international chain of convenience stores

Speedway LLC

Chain of gas stations and convenience stores


Seven & I Holdings Co.

Japanese diversified retail group

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