Sunoco closes on San Antonio area convenience store purchase

Sunoco LP bought eight Pico convenience stores in the San Antonio area with plans to rebrand them Stripes stores.

The purchase price was not disclosed. The stores will be leased to and operated by Stripes LLC, a Texas-based retail chain owned by Sunoco LP’s parent company Energy Transfer Partners. The stores buy all of their fuel wholesale from Sunoco.

With the addition of the eight Pico stores, there are now 673 Stripes-branded convenience stores in Texas, New Mexico and Oklahoma.

Click to read entire article: Sunoco closes on San Antonio area convenience store purchase (San Antonio Business Journal, 4-16-15)