Jan
31

7-Eleven Buying 55 Sam’s Mart Stores in Carolinas

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7-Eleven Inc. is under contract to acquire 55 Sam’s Mart stores in North and South Carolina. The closing is penciled for February.

Sam’s Mart is being advised by Robert L. Valentine of Trefethen Advisors LLC. Garth K. Dunklin of Wishart Norris Henninger & Pittman is the seller’s legal counsel.

The deal marks 7-Eleven’s return to the greater Charlotte market, which it exited in 1988 following a 24-year run. The deal with Sam’s Mart LLC is part of the Dallas-based chain’s accelerated growth strategy, which resulted in the opening of 650 stores last year in the U.S. and Canada.

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