Jacksons Food Stores Inc. has acquired 62 Speedway and 7-Eleven convenience stores with fuels in California, Arizona and Nevada from 7-Eleven Inc.
“We are excited to serve customers in new markets with our clean, fast and friendly approach,” said Cory Jackson, president of Jacksons Food Stores. “As a food forward retailer, we are focused on providing customers with the service, products, and convenience they need – when, where and how they want it. As an example, we recently launched Jacksons delivery across all markets with quick delivery windows to serve customers when they can’t visit our stores.”
John Jackson, founder and CEO of Jacksons Food Stores said, “Today we build on this legacy by adding more talented associates and great locations to the Jackson family of companies to broaden who we serve and how we serve them. Matrix assisted us in the transaction by providing invaluable advice, analysis and projections through the use of multi-level models and key guidance on strategy.”
Matrix Capital Markets Group provided buy-side merger and acquisition advisory services to Jacksons.
Cedric Fortemps, co-head of Matrix’s downstream energy and convenience retail investment banking group, commented, “We thoroughly enjoyed working with the Jackson family and the rest of the executive team on this transformational transaction for the Company. Jacksons’ best-in-class operation will benefit the employees and customers of these stores, as well as the communities they serve.”