Sunoco sells 204 Stripes stores to 7-Eleven

A number of Laredo Taco Company restaurants were also included in the transaction to acquire the network located across West Texas, New Mexico and Oklahoma.

7-Eleven announced it has entered into an agreement to acquire 204 stores from Sunoco LP. These outlets encompass Stripes convenience stores and Laredo Taco Company restaurants.

Located across West Texas, New Mexico and Oklahoma, these sites will join the over 13,000 7-Eleven, Speedway and Stripes locations that the company operates, franchises and/or licenses across the U.S. and Canada.

"Stripes and Laredo Taco Company have been a great addition to our family of brands since they initially joined us back in 2018. We're excited to welcome the remaining Stripes stores and Laredo Taco Company Restaurants to the family, and we look forward to serving even more customers across West Texas, New Mexico and Oklahoma," said Joe DePinto, CEO of 7-Eleven, Inc.

The transaction will close promptly after satisfaction of customary closing conditions, including necessary regulatory clearance. With the addition of these stores, 7-Eleven, Inc. will own and operate all Stripes and Laredo Taco Company locations across the U.S.