7-Eleven, Inc. to Acquire 100 7-Eleven-branded Locations in Oklahoma
IRVING, TX - There was a time when an acquisition of any kind was few and far between. In just the past eight years that I have been in this industry, the numbers have grown to mega-proportions. With that, 7‑Eleven, Inc. is expanding its reach with the announcement that it has entered into an agreement to acquire "7‑Eleven Stores” of Central Oklahoma.
“Oklahoma has a growing economy, and this acquisition provides a great opportunity for us to expand regionally,” President and CEO Joe DePinto, stated.
This acquisition in Oklahoma includes more than 100 7‑Eleven-branded locations that have been operating independently for 67 years, according to a press release.
This move brings the total number of 7‑Eleven stores in the U.S. and Canada to more than 9,700 locations. The transaction is anticipated to close in 60 to 90 days and, per usual, is subject to standard closing conditions and regulatory approvals.
Whether the acquisition be one company snagging another or a land grab here in California where AndNowUKnow calls home—there is no mistaking that the market is active and corporations are hungry.