7-Eleven Closes Sam’s Mart Deal

The 55 acquired stores are scheduled for rebranding as 7-Elevens in 2012.

7-Eleven Inc. has closed on the acquisition of 55 Sam’s Mart stores from Sam’s Mart LLC. 

Terms of the deal were not disclosed, but Slurpee drinks and Big Bite hot dogs aren’t the only good news 7-Eleven stores’ return to the Greater Charlotte area brings.  The company has begun hiring to fill an additional 120 store positions.  7-Eleven has made job offers to personnel working at the stores the company is acquiring.  Pay and benefits will be comparable with what they had at Sam’s Mart. 

“We want to provide continuity for the 350 store employees coming to us from Sam’s Mart,” said Doug Doyle, North Carolina native and the new market manager for 7-Eleven’s operation in the greater Charlotte area.  “We also are seeking quality employees to support our stores’ foodservice programs that will be offered in the future.”  Job applicants may go to the Careers section of 7-Eleven’s Website to find a link for “Find North Carolina Jobs.”

Consumers will soon see Big Gulp drinks, an assortment of roller grill items, 7-Eleven coffee and hundred’s of 7-Eleven’s 7-Select private-brand items as the store conversions get underway.

The plan is to convert the 55 stores to 7-Eleven branded stores by the end of 2012. 7-Eleven will first re-brand and remodel two sites to serve as store training locations.  Here, store personnel will learn 7-Eleven systems and processes that support the daily ordering of products that their customers need and want.  Several more former Sam’s Mart stores are planned for rebranding and renovation starting in March.

This acquisition is part of the convenience retailer’s accelerated growth plan.  The company is committed to growing in the Charlotte area and looking for new locations nearby.  

Sam’s Mart LLC will continue to operate its other 91 stores in the Charlotte and Atlanta metro areas and retain its office personnel, with the exception of several operations management staffers that 7-Eleven is hiring.

Sam’s Mart was advised on this transaction by Robert Valentine of Trefethen Advisors LLC.  Legal advice was provided by Garth K. Dunklin of Wishart Norris Henninger & Pittman, P.A.

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