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7-Eleven, the largest chain in convenience retailing, has agreed to acquire 1,109 convenience stores in 18 states from Sunoco LP (SUN) in a deal valued at $3.3 billion. Akin Gump Strauss Hauer & Feld represents Dallas-based 7-Eleven while Sunoco, also in Dallas, turned to Vinson & Elkins.

On April 6, the companies announced a definitive asset purchase agreement for 7-Eleven to buy the majority of Sunoco’s convenience stores for $3.3 billion in cash plus fuel, merchandise and other inventories. The deal also includes a 15-year, take-or-pay fuel supply agreement with a 7-Eleven subsidiary, under which Sunoco will supply about 2.2 billion gallons of fuel annually.

The assets include 1,109 stores primarily in Texas and on the east coast, and trademarks and intellectual property of the Laredo Taco Co. and Stripes.

Sunoco, which is evolving into a nationwide fuel supplier, will sell about 200 stores in north and west Texas separately but will keep its Aloha Petroleum stores in Hawaii and its APlus franchise-operated stores.

The deal is subject to regulatory approvals and customary closing conditions and is expected to close by the fourth quarter of this year.

At Akin Gump, corporate partners Thomas Yang and Matt Zmigrosky of Dallas lead the deal team advising 7-Eleven, with assistance from corporate partner Kenneth Menges, counsel Nicholas Houpt and associates Ashton Butcher and Katie Bailey, all of Dallas. Others are oil and gas partner John Goodgame of Houston for MLP work; tax partner Alison Chen of Houston and corporate partner Alan Laves of Dallas for finance work; labor and employment partner Lauren Leyden and associate Jeffrey Wiener, both of New York; employee benefits partner Rolf Zaiss of New York; antitrust partner Corey Roush and associate Deona Kalala, both of Washington, D.C.; environment and natural resources partner David Quigley of Washington, D.C.; senior counsel Andrews Oelz of Los Angeles; real estate partner John Bain of Dallas; and intellectual property senior counsel Peter Emmi of New York.

At 7-Eleven, Dawud Crooms is working on the transaction on the in-house side. Rankin Gasaway is senior vice president, general counsel and secretary.

Houston partner Lande Spottswood leads V&E’s team for Sunoco, with assistance from partner Matt Strock, senior associate Brittany Sakowitz and associate Yong Eoh, all of Houston. Others are tax partners Joe Garcia and Gary Huffman, both of Washington, D.C.; Dallas associates Brian Russell and Lauren Meyers; environmental counsel Larry Pechacek and senior associate Matt Dobbins, both of Houston; real estate partner Randy Jurgensmeyer and associate Courtney Hammond, both of Dallas; labor/employment partner Tom Wilson and associate Steve Williamson, both of Houston; executive compensation/benefits partner Brian Bloom of Dallas; intellectual property partner Devika Kornbacher of Houston; and corporate partner Ted Stockbridge of Houston.

7-Eleven, the largest chain in convenience retailing, has agreed to acquire 1,109 convenience stores in 18 states from Sunoco LP (SUN) in a deal valued at $3.3 billion. Akin Gump Strauss Hauer & Feld represents Dallas-based 7-Eleven while Sunoco, also in Dallas, turned to Vinson & Elkins .

On April 6, the companies announced a definitive asset purchase agreement for 7-Eleven to buy the majority of Sunoco’s convenience stores for $3.3 billion in cash plus fuel, merchandise and other inventories. The deal also includes a 15-year, take-or-pay fuel supply agreement with a 7-Eleven subsidiary, under which Sunoco will supply about 2.2 billion gallons of fuel annually.

The assets include 1,109 stores primarily in Texas and on the east coast, and trademarks and intellectual property of the Laredo Taco Co. and Stripes.

Sunoco, which is evolving into a nationwide fuel supplier, will sell about 200 stores in north and west Texas separately but will keep its Aloha Petroleum stores in Hawaii and its APlus franchise-operated stores.

The deal is subject to regulatory approvals and customary closing conditions and is expected to close by the fourth quarter of this year.

At Akin Gump , corporate partners Thomas Yang and Matt Zmigrosky of Dallas lead the deal team advising 7-Eleven, with assistance from corporate partner Kenneth Menges, counsel Nicholas Houpt and associates Ashton Butcher and Katie Bailey, all of Dallas. Others are oil and gas partner John Goodgame of Houston for MLP work; tax partner Alison Chen of Houston and corporate partner Alan Laves of Dallas for finance work; labor and employment partner Lauren Leyden and associate Jeffrey Wiener, both of New York ; employee benefits partner Rolf Zaiss of New York ; antitrust partner Corey Roush and associate Deona Kalala, both of Washington, D.C.; environment and natural resources partner David Quigley of Washington, D.C.; senior counsel Andrews Oelz of Los Angeles; real estate partner John Bain of Dallas; and intellectual property senior counsel Peter Emmi of New York .

At 7-Eleven, Dawud Crooms is working on the transaction on the in-house side. Rankin Gasaway is senior vice president, general counsel and secretary.

Houston partner Lande Spottswood leads V&E’s team for Sunoco, with assistance from partner Matt Strock, senior associate Brittany Sakowitz and associate Yong Eoh, all of Houston. Others are tax partners Joe Garcia and Gary Huffman, both of Washington, D.C.; Dallas associates Brian Russell and Lauren Meyers; environmental counsel Larry Pechacek and senior associate Matt Dobbins, both of Houston; real estate partner Randy Jurgensmeyer and associate Courtney Hammond, both of Dallas; labor/employment partner Tom Wilson and associate Steve Williamson, both of Houston; executive compensation/benefits partner Brian Bloom of Dallas; intellectual property partner Devika Kornbacher of Houston; and corporate partner Ted Stockbridge of Houston.