7-Eleven acquires 23 Texas c-stores; on target to open 630 stores in 2012
Dallas -- 7-Eleven said Thursday it has completed its previously announced transaction with convenience store operator Strasburger Enterprises and has acquired 23 c-stores in Texas, mostly under the Quix banner.
Terms of the deal, which brings 7-Eleven’s Texas store count to 570, weren’t disclosed.
"7-Eleven is continuing its accelerated growth, and this acquisition helps us meet the ambitious goals we have set," said Robbie Radant, 7-Eleven VP mergers and acquisitions. "We met our goal of opening more than 600 stores in the U.S. and Canada last year, and are on target to surpass that number in 2012 and reach our goal of 630."
7-Eleven said it will start remodeling and rebranding the locations soon, with the bulk of the work anticipated to be completed by the end of 2012. Stores will be available for franchise after they are remodeled.