![]() ![]() Sunoco is seeking a 50 percent reduction in operations costs. Update 12-7-17: Sunoco will lease, not sell, the 207 stores to a "proven operator." No word yet from Sunoco if Alvin New is part of the new proven operator group. New is behind the Jack's convenience stores in San Angelo. I wonder if former Town and Country CEO Alvin New will pull together an investment group to bid on the 207 stores 7-Eleven did not buy. San Angelo's Stripes stores will learn of their new owner before the end of the year. In late 2017, all Stripes locations in Louisiana and parts of Texas were sold to 7-Eleven. It is one of the largest non-refining operators of convenience stores in the United States. Other convenience store brands they operate under include IceBox and Quick Stuff. The locations are former Circle K and Town & Country Food Stores. (Affiliated) and its wholly owned subsidiary, Affiliated Bank, N.A. Stripes Stores is a chain of more than 700 convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. SUN, provides that 7-Eleven will continue to use the Sunoco brand atĬurrently branded Sunoco stores and includes committed growth in future periods.Īpproximately 200 convenience stores in North and West Texas, New Mexico and Oklahoma will be sold in a separate process. JSusser Bank Holdings LLC Has Acquired A Majority Stake In Sell Side Advisor Susser Bank Holdings LLC (SBH) announced today its acquisition of approximately 66 of the common shares of BancAffiliated, Inc. This supply agreement will have guaranteed annual payments to Which SUN will supply approximately 2.2 billion gallons of fuelĪnnually. Take-or-pay fuel supply agreement with a 7-Eleven subsidiary under As part of the transaction, SUN will enter into a 15-year The City of Fawn Creek is located in the State of Kansas. Two days ago the company reported.Īssets being sold to 7-Eleven include approximately 1,110 convenience stores in 19 geographic regions primarily along the East Coast and in Texas, and the associated trademarks and intellectual property of the Laredo Taco CompanyĪnd Stripes. Facebook Twitter LinkedIn CORPUS CHRISTI, Texas - When Sam Susser, CEO of Susser Holdings Corp., sold that company and its Stripes convenience stores to Energy Transfer Partners LP (ETP) in 2014 for 1.8 billion, it marked the end of a long, steady run in the convenience-store industry for the Susser family. Susser sold all its divisions to Sunoco LP/Energy Transfer in 2014.Ī new moniker is on the horizon as Sunoco plans to sell separately San Angelo's Stripes stores, along with 200 odd stores that didn't make the cut for 7-Eleven ownership. The word originates from the Persian words shr and shakar, literally meaning 'milk and sugar', from the gritty texture ('sugar') on the otherwise smooth ('milk. Susser monetized the company by selling a portion to Wellspring Capital Management and planned to spin off its petroleum supply business in 2012. Seersucker or railroad stripe is a thin, puckered, usually cotton fabric, commonly but not necessarily striped or chequered, used to make clothing for hot weather. ![]() New owners re-branded convenience stores with the Stripes name. SUNOCO RETAIL LLC, STRIPES LLC, TOWN & COUNTRY FOOD STORES, INC., and. Town and Country Food Stores sold out to Susser Corporation in 2007. San Angelo Live teased readers with the prospect of 7-Eleven taking over the town through a buyout of Stripes convenience stores. ![]()
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