Speedway, a subsidiary of Marathon Petroleum Corp., will buy 78 store locations held by Petr-All Petroleum Consulting Corp. The stores are located primarily in the Syracuse, Rochester and Buffalo markets in New York and operate under the Express Mart brand.
This acquisition is a great strategic fit for Speedway, and consistent with our growth plan, said Speedway President Tony Kenney. These stores will enhance our existing network and expand our brand presence in a key growth market for Speedway.
After the deal is closed, the stores will be rebranded to Speedway. The transaction is anticipated to close by September 2018, and is subject to standard regulatory approvals and other closing considerations.