7-Eleven has agreed to buy 183 ExxonMobil's in Florida, and pending approval, the deal is expected to close by early 2011.
Included in the acquisition is a combination of company- and dealer-operated sites located in Orlando, Southwest Florida, Palm Beach and Broward County, according to a company release. 7-Eleven will begin remodeling and reimaging the locations, with work anticipated to be completed over a two-year period.
The 183 sites include five unused parcels of land. The majority of locations will be rebranded as 7-Eleven operations, and all will retain the Mobil gasoline brand, allowing customers to continue to purchase Mobil-brand fuel and use the ExxonMobil credit card.
Currently, 7-Eleven operates and franchises 610 stores in Florida.
