What company owns Speedway?

Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven.

Does Marathon still own Speedway?

FINDLAY, Ohio — Marathon Petroleum Corp. (MPC) marked several strategic highlights during the second quarter of 2021, including closing the sale of Speedway LLC. On May 14, the company officially handed over the Enon, Ohio-based convenience store chain to Irving, Texas-based 7-Eleven Inc. for $21 billion.

Who was Speedway bought by?

Speedway, Enon, Ohio, is now owned by Irving, Texas-based 7-Eleven Inc. The $21 billion acquisition of Marathon Petroleum Corp.'s 3,900-unit Speedway convenience-store network, which closed May 14, was the biggest deal in the industry's history.

Are Speedway and 7/11 owned by the same company?

Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 18 countries and regions, including 16,000 in North America. In addition to 7-Eleven stores, 7-Eleven Inc. operates Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations.

Is Speedway owned by Sunoco?

store is one of the first two Speedway stores Philadelphia-based Sunoco Inc. is taking over following a deal in February to purchase 193 Speedway gas stations and convenience stores in the Southeast United States, including 115 in Florida, from Marathon Ashland Petroleum LLC for $140 million plus the cost of inventory.

Bruton Smith, founder of company that owns NH Motor Speedway, dies at the age of 95

Is Sunoco and Speedway the same?

The business was renamed as "Sunoco Chemicals, Inc." In 2011, the plant was acquired by Honeywell for $85 million. In 2003, Speedway LLC, then a subsidiary of Marathon Petroleum, sold 193 convenience stores to Sunoco.

Is Speedway the same as Shell?

Speedway is a subsidiary of Marathon Petroleum Oil, which also owns ARCO and USA branded stations. Marathon also owns one of the main gas refineries supplying Southern California – the Tesoro refinery in Torrance, which refines the same quality gas, but sold under the ARCO, Shell, ExxonMobil, and USA brands.

Is Speedway American owned?

Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven.

Who owns RaceTrac?

Run by Allison Moran Bolch, the granddaughter of founder Carl Bolch Sr., RaceTrac and RaceWay operate a chain of convenience stores and gasoline stations throughout the American South. The company was started in St.

Is Speedway being rebranded to 7 11?

Then, the world all but shut down as the COVID-19 pandemic spread across the globe. Even in the face of the challenges presented by the health crisis, MPC reached an agreement in August 2020 to sell Speedway to 7-Eleven Inc. for $21 billion — making it the largest transaction in the convenience channel in some time.

Did 7-Eleven buyout Speedway?

WASHINGTON — Following a public comment period, the Federal Trade Commission (FTC) has approved a final order settling charges that 7-Eleven's acquisition of Marathon Petroleum's approximately 3,900-unit Speedway subsidiary, which closed in May, violated federal antitrust laws.

Does pilot Own Speedway?

Based in Knoxville, Tenn., Pilot Flying J has more than 650 retail locations. Speedway, with headquarters in Enon, Ohio, owns and operates approximately 2,770 convenience stores in 22 states. It is a wholly owned subsidiary of Marathon Petroleum Corp., Findlay, Ohio. Pilot Corp.

Did MPC sell Speedway?

FINDLAY, Ohio, May 14, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the close of the $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko).

Who owns Valero gas stations?

Who owns Valero? Valero has been a publicly-held company since 1997, so it is owned by its shareholders. As of Wednesday, its share price was $87.14, with a market capitalization of nearly $35.7 billion, according to Yahoo Finance.

Did Marathon Oil sell Speedway?

Marathon Petroleum completes sale of Speedway convenience stores to 7-Eleven. Marathon Petroleum has completed a $21 billion sale of the Speedway convenience store chain and will use some of the proceeds to repurchase stock.

Who owns Kangaroo gas stations?

About Kangaroo Express

The Kangaroo Express convenience store brand is owned by Alimentation Couche-Tard (ACT), a Canadian convenience store company, that operates other convenience store brands including Circle K, Couche-Tard, and Macs.

Is Speedway going to change its name?

Less than three months after the company sold 166 SuperAmerica locations, primarily in Minnesota, the fourth largest company-owned and -operated c-store in the U.S. changed its official name to Speedway LLC, dropping SuperAmerica.

Is Speedway only in Ohio?

With headquarters in Enon, Ohio, Speedway operates in 36 states: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, ...

Is Speedway part of Shell?

Speedway is a wholly owned subsidiary of MPC. The new national powerhouse has 3,923 c-stores from coast to coast — and once again earned the No. 1 spot on the 2019 CSNews Top 20 Growth Chains ranking.

What gas stations did Speedway buy out?

The $21-billion deal was first announced in August 2020 before customary regulatory approvals and closing conditions. At the time, the companies said, 7-Eleven and Speedway “will share best practices to deliver products and promotions based upon customer demand and continue both companies' legacy of innovation.