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Speedway LLC

Company Summary

Description

Speedway LLC is an Enon, Ohio based convenience store chain with locations primarily located in the Midwest and the East Coast of the United States

Website

https://www.speedway.com/

Operational Regions

  • Northeast
  • Midwest
  • Southeast

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Company Transactions

Date: 3/31/2021
Type: Acquisition

NOTES:
Marathon Petroleum reached a deal to sell its Speedway segment to 7-Eleven for $21 billion in cash, which will result in $16.5 billion in after-tax cash proceeds once the deal closes in the first quarter of 2021.
REGIONS:
  • North America
  • Date: 1/18/2019
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 50 $MM

    NOTES:
    Sunoco has closed on their acquisition of wholesale fuel distribution assets from Schmitt Sales, Inc along with convenience store locations from Speedway for $50 million. The stores will be converted to wholesale distribution sites, and the combined purchases will equate to an additional 180 millions of annual fuel distribution capacity.