7-Eleven announced Thursday afternoon they had acquired the Stripes Convenience Stores in a $3.3 Billion deal. 7-Eleven Inc. is buying all 1,110 convenience stores including all stores in west Texas. They also are buying the Laredo Taco brand.
It was also announced that Sunoco LP, the parent company of Stripes will supply fuel for resale for 15 years as part of the deal.
Stripes Convenience Stores in West Texas was part of the Town and Country Chain until they were sold to Susser holdings who branded the stores as Stripes Convenience stores in 2007. In 2014 they were sold in another merger with Energy Transfer Partners parent company of the Sunoco Brand.
The deal is expected to be complete by the end of the year.