7-Eleven completes acquisition of 51 ExxonMobil sites
Dallas -- 7-Eleven said it has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concluded Jan. 20, and terms of the deal were not disclosed.
The majority of locations will be rebranded as 7-Eleven stores.
"This acquisition fits well with our aggressive growth strategy," said Robbie Radant, 7-Eleven's new VP of mergers and acquisitions. "We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start."
7-Eleven will start remodeling and rebranding the locations soon, with the bulk of the work anticipated to be completed by the end of 2012.