IRVING, Texas – 7-Eleven, Inc., announced that it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7-Eleven will acquire approximately 1,108 convenience stores located in 18 states.

"This acquisition supports our growth strategy in key geographic areas including Florida, mid-Atlantic states, Northeast states, and central Texas," said Joe DePinto, president and CEO of 7-Eleven Inc., in a press release. "It also provides 7-Eleven entry into Houston, the fourth largest city in the United States, and a strong presence in Corpus Christi and across south Texas."

7-Eleven has 8,707 stores in the United States and Canada. This acquisition is one of the largest in 7-Eleven's history, and will bring 7-Eleven's total number of convenience stores in the United States and Canada to 9,815.