OREANDA-NEWS. June 7, 2012. Speedway LLC announced that it has signed an agreement to acquire 10 convenience stores throughout Ohio and Northern Kentucky from Road Ranger LLC in exchange for cash and one truck stop location in the Chicago metropolitan area. The transaction is anticipated to close by the end of July 2012, subject to customary due diligence and other closing considerations.
About Speedway LLC
Speedway LLC, headquartered in Enon, Ohio, owns and operates the nation's fourth largest convenience store chain, with approximately 1,460 locations in seven states in the Midwest. Speedway is an indirect wholly owned subsidiary of Marathon Petroleum Corporation (NSYE: MPC). For further information about Speedway, visit the company's website at http://www.speedway.com.
Road Ranger LLC a privately-held company headquartered in Rockford, Illinois, is one of the fastest growing truck stop and gasoline convenience store operators in the United States with approximately 80 locations in seven Midwestern states.
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