MERIDIAN, Idaho—Jacksons Food Stores has acquired 62 Speedway and 7-Eleven convenience stores with fuels in California, Arizona and Nevada from 7-Eleven, according to a press release. The stores acquired were among the 293 locations that 7-Eleven is divesting to satisfy an agreement with the Federal Trade Commission as part of its recent acquisition of Speedway LLC from Marathon Petroleum Corp.
The Meridian, Idaho-based family of Jacksons companies own, operate and supply more than 1,340 stores across nine Western states. The companies are vertically integrated, with fuel supplied by Jacksons Energy, full-line grocery and supplies distributed through Capitol Distributing and fresh food products supplied through Capitol Kitchens.
The acquisition is part of the company’s continued focus on growth and expansion into additional markets across the Western U.S. and will give Jacksons 58 stores in California markets, where it previously had little to no presence. Many of the acquired stores will operate under Jacksons Food Stores and ExtraMile.
"We are excited to serve customers in new markets with our clean, fast and friendly approach," said Cory Jackson, president of Jacksons Food Stores. "As a food-forward retailer, we are focused on providing customers with the service, products and convenience they need—when, where and how they want it. As an example, we recently launched Jacksons delivery across all markets with quick delivery windows to serve customers when they can't visit our stores."
Since John D. Jackson founded Jacksons in 1975 as a single-service station, the Idaho-headquartered company has grown to be a nationally recognized chain of more than 360 company-operated stores in Idaho, Nevada, Oregon, Washington, Arizona, Utah and California under the Jacksons Food Stores and ExtraMile by Jacksons convenience store brands.