Express Mart acquisition to expand Speedway’s brand presence in a key growth market.
Speedway LLC, a wholly-owned subsidiary of Marathon Petroleum Corp. is acquiring 78 convenience stores held by Petr-All Petroleum Consulting Corp.
These c-stores are located primarily in the Syracuse, Rochester and Buffalo markets in New York and operate under the Express Mart brand.
“This acquisition is a great strategic fit for Speedway, and consistent with our growth plan,” said Speedway President Tony Kenney. “These stores will enhance our existing network and expand our brand presence in a key growth market for Speedway.”
Following the acquisition, the convenience stores will be rebranded to Speedway. The transaction is anticipated to close by the end of the third quarter of 2018, and is subject to standard regulatory approvals, customary due diligence, and other closing considerations.
Speedway is headquartered in Enon, Ohio, and is the nation’s second largest company-owned and -operated convenience store chain with approximately 2,740 stores located in 21 states.
