You may have seen a few changes to your local gas station/convenience stores. Maybe even one in Halifax.
All Hess retail operations were sold to Speedway, LLC., which has been going around the region– and nation– changing over stores to their corporate branding one by one literally overnight.
Speedway is the country’s, “second-largest company-owned and-operated convenience store chain with approximately 2,740 stores.”
According to a Marathon Petroleum press release, parent company of Speedway, LLC,. of Ohio, the deal was completed last year, in May 2014, for 2.82 billion dollars. Now, the full change in our region is finishing as the cosmetic changes are completed.
“This transformative acquisition provides Speedway a significant growth platform by expanding our retail presence to 23 states throughout the East Coast and Southeast,” said MPC President and Chief Executive Officer Gary R. Heminger.
But there are some changes that have occurred that you may or may not see locally.
Tedeschi’s was sold to 7-Eleven, Inc. this past May according to Tedeschi Corporation headquarters based in Rockland. According to a 7-Eleven press release, approximately 182 convenience stores were acquired in Massachusetts and New Hampshire.
“Tedeschi is a respected brand and this acquisition fits in perfectly with 7‑Eleven’s growth strategy,” according to Stan Reynolds, Executive Vice President and Chief Financial Officer of 7‑Eleven, Inc.
Mr. Reynolds went on to explain, “These high-volume, high-performing locations complement our existing real estate portfolio in the Boston, Massachusetts and New Hampshire area.”
7‑Eleven expects to extend job offers to most Tedeschi Food Shops employees who are affected by this acquisition.
At this time it is not apparent whether Tedeschi convenience stores will retain their branding or switch over to the branding of the international, Dallas, Texas based giant with its 50,000 plus locations internationally.
Keep your eyes peeled for more transformations.