Is Speedway rebranding to 7-Eleven?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021….Speedway (store)
| Type | Subsidiary |
|---|---|
| Defunct | 1962 (1st incarnation) May 14, 2021 (as subsidiary, brand name continues in use) |
| Fate | Acquired by 7-Eleven, brand name continues to be used. |
What is happening to Speedway?
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.
Is Speedway going away?
Three months later, MPC began entertaining offers for the nearly 4,000-store convenience chain. 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.
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.
When did 711 leave Minnesota?
7-Eleven did have a presence in Minnesota till 1989, when the franchisee filed for bankruptcy and 66 stores were sold to SuperAmerica.
Is Speedway now mobile?
Get the Speedway App Today Download our mobile app to unlock all your Speedy Rewards membership benefits, like Speedy Deals, digital Speedy Rewards Cards, and more!
Who makes Speedway?
Marathon Petroleum Corp.
Speedway LLC, Enon, Ohio, is a wholly owned subsidiary of Findlay, Ohio-based Marathon Petroleum Corp. It has gas stations and convenience stores in 22 states.
How many Speedway gas stations are there in the United States?
With approximately 3,900 stores located coast to coast, Speedway is the nation’s second largest company owned and operated convenience store chain.
How many Speedway stores are there?
3,923Speedway / Number of locations (December 31st, 2018)
Why did Krispy Kreme pull out of Minnesota?
Stock market analysts accused management of expanding the chain too rapidly. Apparently, while one Krispy Kreme location in Maple Grove, MN could clearly support massive success, expanding operations to a dozen locations littered around the Twin Cities was simply too much for a store that sold only donuts.
When did Speedway buy superamerica?
It was owned by Marathon Petroleum. The first convenience store opened in the 1960s. SuperAmerica had 278 stores with 271 in Minnesota, 11 in Wisconsin and 2 in South Dakota….SuperAmerica.
| Type | Subsidiary |
|---|---|
| Founded | 1960 |
| Founder | Elmer Erickson |
| Defunct | 2019 |
| Fate | Rebranded as Speedway. |
What states are Speedway gas stations in?
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.