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Speedway started in 1952 as Speedway 79, the name of a fuel chain based in Michigan.Unlike other fuel station chains at the time, Speedway 79 did not have a service station to perform vehicle maintenance, but rather vending machines that focused on cigarette and soft drink sales, giving their locations the nickname "Smokes and Cokes".
A SuperAmerica gas station in Saint Paul, Minnesota (2017) In 2004 Marathon bought out Ashland's share. In February 2011, Marathon sold its SuperAmerica stores along with the Marathon refinery in St. Paul Park, Minnesota to Northern Tier Energy, a newly formed company backed by the private equity firms ACON Investments and TPG Capital. [8]
Max Martin Fisher (July 15, 1908 – March 3, 2005) was an American businessman and philanthropist, and presidential advisor.Fisher founded Aurora Gasoline, an oil company that owned Speedway gas stations.
Isaka led Seven & I’s $21 billion acquisition of Marathon Petroleum’s Speedway gas stations in 2020, outbidding ACT and greatly expanding the company’s footprint in the North American market.
The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for gasoline and jet fuel. Wall ...
In 1962, the Speedway 79 and Marathon stations were consolidated under the Marathon name and the Ohio Oil Company is renamed Marathon Oil Company. [5] [6] In 1981, Mobil made a hostile takeover offer to buy the company. [7] [8] However, the board of Marathon Oil rejected the offer and instead sold the company to United States Steel. A legal ...
Present in 36 states, Speedway of course has its strongest presence in Ohio where close to 15% of all Speedway gas stations are located. Click to continue reading and see the 5 Largest Gas Station ...
In 2003, Speedway LLC, then a subsidiary of Marathon Petroleum, sold 193 convenience stores to Sunoco. [21] It also acquired service stations from Coastal Petroleum. [22] Sunoco UltraTech race fuel tanker truck at Auto Club Speedway. In 2004, Sunoco replaced the ConocoPhillips' 76 brand as the Official Fuel of NASCAR. [23]