Speedy Stop Buys 61 Stores
Retailer joins other Texas dealmakers in acquiring sites from ExxonMobil
Published in CSP Daily News
HOUSTON -- One day after announcing it had sold its 223 company-owned and -operated stores in Texas and Louisiana, Exxon Mobil Corp. has confirmed for CSP Daily News that the final 61 stores, located in Austin and San Antonio, Texas, were purchased by Speedy Stop Foods LLC, an affiliate of C.L. Thomas Inc., headquartered in Victoria, Texas.
Speedy Food Stop has also purchased two vacant parcels of land.
The company did not respond by press time to requests for comment on the deal.
As previously reported in CSP Daily News, Houston-based [image-nocss] ExxonMobil has announced several deals in Texas this week.
Houston-based Landmark Industries Energy LLC, a newly formed entity managed by the partners of Landmark Industries and Landmark Petroleum, has purchase 80 On the Run retail sites and three vacant parcels of land in Houston from ExxonMobil. The stores will be rebranded to the Timewise Food Stores banner ( click here for previous coverage).
Dallas-based 7-Eleven Inc. has purchased 49 retail sites and two vacant parcels of land in Dallas from ExxonMobil ( click here for previous coverage).
And in Louisiana, Circle K Stores Inc., a wholly owned subsidiary of Laval, Quebec-based Alimentation Couche-Tard Inc., has purchased 33 On the Run retail sites from ExxonMobil ( click here for previous coverage).
Texas has been a store-sale focal point in recent days. In an unrelated deal announced earlier this week, also in Texas, Fikes Wholesale Inc., parent company of the CEFCO Convenience Stores chain, has acquired the 69-store Food Fast chain based in Tyler, Texas ( click here for previous coverage).