Findlay's Marathon buys East Coast gas station powerhouse - 13abc.com Toledo (OH) News, Weather and Sports

Findlay's Marathon buys East Coast gas station powerhouse

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Findlay's Marathon Petroleum is putting down billions to build up its presence on the East Coast.

We're following this story with the Associated Press.

The northwest Ohio company is buying Hess' retail operations. Hess is the largest chain of company operated gas stations and convenience stores on the East Coast. The deal is for $2.87 billion. All Hess stations will become Speedway locations.

The Associated Press says the deal, which is being orchestrated under subsidiary Speedway LLC, will expand Marathon's retail operations from nine states to 23 states on along the coast and in the southeast. The acquisition is expected to close late in the third quarter.
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