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Speedway buying Greenfield-based Gas America

 IBJ Staff
February 11, 2012
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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.

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  • FLAVORED ELECTRONIC CIGARETTES PLEASE
    When are you going to start selling the new 21st century FLAVORED disposable cigarettes? They are now available and if you don't start selling them soon some of us who buy every day will have to move on to a cigarette store. Could you at least try them to see if they sell? You carry the regular flavor ones but some of us like the flavored ones so please consider stocking them for us loyal customers.
  • Speedway
    Ok I don't know what the big deal is, but Speedy gas is much better then Gas America's when I lived in Kewanna, IN I use to get gas at Gas America. I could only get 300 miles out of a full tank. A few years later we moved to Logansport, IN and I started buying gas at Speedway and noticed I would get 30-40 more miles per tank. Also Speedway has cleaner stores, and better deals. I don't know if you people know this, but when you build up your points you can use them for food and gas deals. You people need to stop hating on Speedway for making a good business decision . They removed some compition.
  • The Gas Price Game
    This is called event and holiday pricing. Marathon oil company owns a great deal of the infrastructure and pipelines and thus has a profound impact on the pricing of Gasoline at all area gas stations regardless of the brand or the oil company behind that brand. Needless to say however holiday/vacation and event pricing will continue and is part of their corporate strategy to maximize profits. The best thing to do is to learn the trends of pricing and but gas on OFF days when prices tend to be lower. (good luck in finding those). It seems that the day we need gas they raised the prices the night before. It's like they're reading our minds.
  • speedway sucks
    Speedway sucks,they buy gas america out and raise pop from 86 cents to 1.09...moving on won't be back to speedway
  • NEW OWNERS??
    what the hell happened to Gas America?? I was shocked this evening to see the change..I HATE pre-pay pumps so will move on to the New Kroger gas station in Auburn, IN
  • Change for the better?
    People who create small businesses and are successful many times have the employee's future in their minds. Once a business files an IPO or sells out to a large corporation, greed has overruled all other motivations and the employees are left hanging. Thanks for failing your employees Gas America!
  • Speedway
    Listen simple solution to the problem. Stop shopping speedway. Even if it is all then way across town go to shell or bp. Speedways gas is a joke. Makes my car spudder and run bad. And all there stores around here are run down the employees are snotty and there prices are high so speedway is no good for anyone. So like I said if we get everyone to stop buying there they'll eventually fold.
  • wer
    I`ve talked to some of GA employees. They had reapply for their jobs. And now its about 4 wks till Speedway takes over. These poor employees don`t know if they have a job or not. Some have familys who depend on that paycheck they get every week. I say good lookin out for your loyal employees Gas America. The least you could have done is at least secured your loyal employees jobs before throwing them to the wolves. And Speedway, you should let these Gas America employees know if they will be unemployed or not when you take over. I think the employees are getting the shaft from both Gas America and Speedway.
  • speedway gas
    ok well i have a speed way rewards card and a gas america convinience card i shop at speed way over in the next town because its close to where i work and i only get beverages and snacks there i go to gas america in the town i live in for gas and snacks and beverages i notice that there gas is of a better quality that speedways gas than murphy usa and bps gas but i guess now im going to be going all the way across town to the shell station to get gas because there the next best in the town that i live in. such a shame!
  • Why
    Everytime I shop at a speedway the employees are always rude, the prices are higher than average the stores are dirty. I have been a very faithful Gas America customer for about 30 years. After watching the business grow and succeed for so long, and then to hear the daughter decides to sell the family business, I cannot get myself around ONE question! Who all is responsible for standing back watching her run the company in the ground from the day she took ownership?? No one reads between the lines. Gas America was all about convenience for the customers until the day that woman took over and the men sat back and got phat.... Speedway is owned by an oil company. How convenient!!!!
  • Agree
    I agree
  • Not a fan...
    ... of this deal. I can't wait for someone to reply about how it is a component of capitalism, and therefore, it is good. I don't think anyone has said that it is illegal or anything, but I think there is a preponderance of opinion that Gas America runs a good operation and that the reduction in competition will not be good for consumers. I will be interested to see whether the Gas Americas across the street or down the block from existing Speedways remain open as Gas Americas, are converted, or are closed. Vacant old gas stations are never good for neighborhoods as they are usually very expensive to redevelop due to contamination.
    • Oh, I Forgot
      Also, I love my Gas America rewards card, that rewards me with actual checks periodically. I get between $3 and $5 every couple of months. Speedway's rewards card gives me a free coke once in a while. It's hardly as rewarding.
    • Speedway Will Ruin My Gas America Store
      The Gas America in my neighborhood is a great convenience store. They turn the Icee machine on when they open at 5:00 a.m., unlike Speedway, where the machines are always off at that time. Also, Gas America has a Mr. Ice nugget ice machine that makes the best ice ever, and I'm sure Speedway will yank it out immediately to make space for more and more energy drinks. And the gas prices will be higher. I hate this move.
    • Gas Prices
      Listen people, gas isten a necessity unless you demand it to be. There is no right for citizens to have access to cheap, subsidized gas. It is a private business trying to compete for profit, "the american dream" if i'm thinking correctly. As long as you doom yourselves to driving and a culture based on subsidized oil production and SOV transportation, this is the result.
    • Another loss of competition
      Speedway used to be my favorite station until they became the first to manipulate prices as others have noted. Gas America has been a great better option and with that now gone there's not much to provide a balance. With many Speedways and Gas America's located near each other not all will stay open either. Win for the sellers but a loss for us consumers!
      • Super Bowl Bump
        Also note that "Greedway" was one of the first to raise the prices on Friday of the week before by $.30/gallon, dropped by $.10, and then the Friday before the game, raised another $.30/gallon. Competition? Not in my opinion, but rather well orchestrated manipulation.
        • To Keith
          I'm not a Gas America employee. I just do a lot of driving and see the prices at the pumps. I'm just not impressed by Speedway. I used to visit the former Hooiser Pete on 82nd St. before speedway gas took over. Pete's used to serve hot fresh food. Now all you get is prepackaged food. Not all change is good.
        • Hummmm.
          Wow Jim, spoken like a possiable Gas America employee. I can see you would be a great addition to the Speedway team.
          • Greedway
            Too bad. Speedway is often referred to as Greedway, as the comment noted, first up, and last down, in the "competitive" (ahem) gas pricing situation. Go to the Greedway store in Trafalfar on hwy 135 to see what GA may become.
            • Speedway
              My experience has been like cms's. All the Speedways I frequent are very clean and have a great hot food area. Their frozen Mt Dew's are my favorite drink, and their hot dogs are always fresh.

              Speedway is my favorite convince store.
            • Family
              Jim I've never encountered a filthy Speedway location ever!! The lots, food area and bathrooms have always been clean-it's one of the reasons I chose to spend my money at their business.
            • GREAT!!!!!
              Speedway gas is
              always the first to go up in price and last to go down. Their fountains drinks are higher plus they have dirty food areas and bathrooms. Thanks Gas America for thinking about your customers. Enjoy the paycheck.

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