![]() 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. Susser shareholders will choose either 80.25 in cash. Dallas, TX EVP/CFO/Treasurer Susser Holdings Corp / Stripes / Susser Petroleum 2000 - 201515 years Director of Finance City of Corpus Christi 1999 - 20001 year Controller, Corp Secretary &. San Angelo's Stripes stores will learn of their new owner before the end of the year. In the future, Houston-based Energy Transfer Partners is expected to drop down the Stripes LLC chain of c-stores formerly owned by Susser Holdings Corp. Susser operates 630 Stripes and Sac-N-Pac convenience stores in New Mexico, Oklahoma and Texas. 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. This supply agreement will have guaranteed annual payments to Which SUN will supply approximately 2.2 billion gallons of fuelĪnnually. The impression is that we were a c-store or restaurant. Beneath the cheeky marketing, a novel concept was about to shake South Texas. Take-or-pay fuel supply agreement with a 7-Eleven subsidiary under In early 2007, Susser launched a media campaign: Stripes are in, Circles are out. As part of the transaction, SUN will enter into a 15-year 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. 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. 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. Susser monetized the company by selling a portion to Wellspring Capital Management and planned to spin off its petroleum supply business in 2012. CORPUS CHRISTI, Texas - Susser Holdings Corp., operator of the Stripes convenience store chain, has added to its executive team as it continues on a path to expand its c-store network. ![]() New owners re-branded convenience stores with the Stripes name. 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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