You've More Than Likely Stopped Through One Of These Convenience Stores on Your Way To San Antonio Or Houston.

While a certain beaver is spreading its gospel all around the country, two Texas based brands are becoming one after a huge deal was announced by 7-Eleven and Stripes.

7-Eleven, Inc. announced that it has entered into an agreement to acquire Stripes convenience stores.

Jamien Green
Jamien Green

According to a press release, 7-Eleven announced the acquisition of 204 stores from Stripes parent company Sunoco LP which is based in Dallas.

The deal also gives Irving's 7-Eleven control of the Laredo Taco Company brand that serves food in some stores. The Corpus Christi based Stripes was rumored to be up for sale for several months.

Stripes Has Stores Located across West Texas, New Mexico and Oklahoma.

Stripes was founded in 1938 by Sam and Minna Susser in Corpus Christi. The company has been licensing dozens of stores in Texas and Oklahoma to 7-Eleven and Circle K, according to the company's website. Laredo Taco Company was created in 2006 by Stripes and sells its products in Stripes, 7-Eleven and Speedway stores.

In 2014, Stripes Convenience Store's parent company was acquired by Sunoco LP's Energy Transfer Partners.

These stores will now put 7-Eleven to over 13,200 stores including its Speedway and Stripes locations that 7-Eleven, Inc. operates, franchises and/or licenses across the U.S. and Canada. 7-Eleven, Inc. will own and operate all Stripes and Laredo Taco Company locations across the U.S.

According to reports, the deal is said to be worth roughly $1 billion dollars.

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