Speedway (store)

Not to be confused with RaceWay, a brand of RaceTrac.

Speedway
Company typeSubsidiary
IndustryRetail (convenience store)
Founded1952 (1st incarnation)
1975 (2nd incarnation as brand)
July 18, 1997; 27 years ago (1997-07-18) (as subsidiary)
Defunct1962 (1st incarnation)
May 14, 2021; 3 years ago (2021-05-14) (as subsidiary, brand name continues in use)
FateAcquired by 7-Eleven, brand name continues to be used.[1]
Headquarters500 Speedway Drive
Enon, Ohio, U.S.
Number of locations
3,923 (December 31st, 2018)[2]
Key people
Tim Griffith, President
Revenue$23.55 billion (2018)[2]
$1,028 million (2018)[2]
OwnerSeven & I Holdings
Number of employees
40,230 (2018)[2]
ParentMarathon Oil
(1959–2011)
Marathon Petroleum (2011–2021)
7-Eleven (2021–present)
Websitewww.speedway.com
A typical Speedway fuel station and store in Cambridge, Massachusetts, Formerly a Hess Station
A Speedway fountain drink machine in Neville Township, Pennsylvania, after 7-Eleven's purchase of Speedway featuring Big Gulp branded soft drinks

Speedway is an American convenience store and fuel station chain headquartered in Enon, Ohio, with locations primarily in the Midwest, East Coast, and Southwestern regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 36 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a wholly owned subsidiary of the Marathon Petroleum Corporation. It is the largest convenience store chain in central Ohio.[3]

On August 2, 2020, Marathon announced that Seven & i Holdings Co., Ltd. would be acquiring Speedway for $21 billion.[4][5][6][7] The deal closed on May 14, 2021.[1]

  1. ^ a b "Marathon Petroleum & 7-Eleven Close Speedway Acquisition".
  2. ^ a b c d "Marathon Petroleum Corporation Annual Report 2018" (PDF). Archived from the original (PDF) on May 12, 2019.
  3. ^ Dan Gearino. "Family-owned company gobbles up BP stores". The Columbus Dispatch. Archived from the original on September 17, 2010. Retrieved March 24, 2016.
  4. ^ Cite error: The named reference 7e1 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference 7e2 was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference 7e3 was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference 7e4 was invoked but never defined (see the help page).