7-Eleven, Inc., along with its wholly owned subsidiary, SEI Fuel Services, Inc. (SEI Fuels), announced Monday from Dallas headquarters that the company has acquired 101 gasoline locations throughout Florida from Biscayne Petroleum and Everglades Petroleum.
The acquisition consists of 94 controlled real estate locations, seven fuel-supply-only agreements and some related properties, located mainly in Miami, Dade, Palm Beach and Broward counties. Additionally, several locations in the City of Naples were obtained in the transaction.
A number of these gas stations, which will continue to sell Mobil fuel, are potential candidates for rebranding as 7-Eleven convenience stores, the company reported.
SEI Fuels joined the wholesale fuel enterprise in the final quarter of 2012, when it moved to acquire the assets of TETCO, Inc., and its affiliates in conjunction with 7-Eleven. Previously, TETCO had run a Texas-based fuel distribution and convenience retailing enterprise.
7-Eleven is the largest chain in the convenience retailing industry in the U.S., operating, franchising or licensing approximately 10,700 stores across the North American continent and close to 57,400 stores in 17 different countries worldwide.
The company is currently engaged in franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program.