7-Eleven closed its largest acquisition ever, but Marathon and Andeavor took the No. 1 spot with their $23.3-billion merger.
NEWARK, N.J. — 2018 started off on a historical high note when 7-Eleven Inc. closed on its purchase of nearly all of Sunoco LP's retail assets — the largest acquisition the Irving, Texas-based chain ever completed.
The $3-billion deal, though, would be eclipsed in the spring when Marathon Petroleum Corp. and Andeavor announced their $23.3-billion merger agreement.
U.K.-based EG Group also made a splash when it entered the U.S. convenience channel with a $2.15-billion deal to buy The Kroger Co.'s c-store network, followed by its purchase of TravelCenters of America LLC's Minit Mart portfolio.
Big-ticket M&A transactions were not alone in grabbing readers' attention. Long-established family businesses such as Thorntons Inc. and Ricker Oil Co. reached acquisition agreements as the year entered its final months.
These are the top 10 M&A headlines of 2018, as reported by Convenience Store News Online: