7-Eleven will acquire 204 Stripes convenience stores and Laredo Taco Company restaurants from Sunoco LP in the US.
The addition of these stores, which are located across West Texas, New Mexico, and Oklahoma, will mean that 7-Eleven will own and operate all Stripes and Laredo Taco Company locations across the country.
Joe DePinto, CEO of 7-Eleven, Inc., said Stripes and Laredo Taco Company have been a great addition to their family of brands since they initially joined back in 2018.
“We’re excited to welcome the remaining Stripes stores and Laredo Taco Company Restaurants to the family, and we look forward to serving even more customers across West Texas, New Mexico and Oklahoma.”
The stores will join the over 13,000 7-Eleven, Speedway, and Stripes locations that 7-Eleven, Inc. operates, franchises, and/or licenses across the U.S. and Canada.
The transaction will close after satisfying customary closing conditions, including necessary regulatory clearance.