Stripes stores fetch nearly $1 billion

The 7-Eleven corporation, based in Irving, Texas, is paying $950 million to Dallas-based Sunoco for 204 Stripes convenience stores and Laredo Taco Company restaurants in West Texas, New Mexico and Oklahoma.

According to a report in “The Dallas Morning News,” the purchase follows the initial $3.3 billion purchase of 1,030 stores in 17 states, including Stripes stores in Texas, from Sunoco in 2018.

This transaction brings all Stripes and Laredo Taco locations across the U.S. under 7-Eleven ownership.

The transaction is pending regulatory approval. 7-Eleven has more than 13,000 company-owned, franchised and licensed 7-Eleven, Speedway and Stripes stores in the U.S. and Canada.

Stripes has six locations locally, in Clovis and Texico and Portales.