7-Eleven completes purchase of 55 Sam's Mart stores

Dallas -- 7-Eleven said Tuesday it has completed its acquisition of 55 Sam’s Mart stores in the greater Charlotte, N.C., area, part of the c-store operator’s plan to accelerate its growth in the region.

Terms of the deal have not been disclosed.

7-Eleven said it will convert the 55 stores to 7-Eleven branded stores by the end of 2012. 7-Eleven will first re-brand and remodel two sites to serve as store training locations. Several more former Sam's Mart stores are planned for rebranding and renovation starting in March, according to the company.

Sam's Mart LLC will continue to operate its other 91 stores in the Charlotte and Atlanta metro areas.