Greenfield-based Gas America Services Inc. said Saturday that it will be acquired by Speedway LLC of Enon, Ohio. Financial terms were not disclosed.
The vast majority of the 88 convenience stores operated by Gas America will be converted to Speedway convenience stores, Speedway said. Gas America has locations throughout Indiana and in parts of Ohio. Several undeveloped parcels of land are included in the deal.
Gas America, founded in 1916, is in its fourth generation of family ownership.
The company "has been a successful convenience store chain serving customers and communities throughout Indiana and Ohio for almost a century," Gas America CEO Stephanie White said in a prepared statement. "It is a testament to the entire team and the quality of our operation that Speedway was interested in acquiring our chain."
Speedway President Tony Kenney added: "These stores will be an outstanding addition to the Speedway brand. They are very well-managed stores that will compliment our existing network, allowing us to better serve customers in our Indiana and Ohio markets."
Speedway, which has 1,375 locations in seven Midwestern states, is owned by Marathon Petroleum Corp. of Findlay, Ohio.