Speedway LLC
 |
|
| Subsidiary | |
| Industry | Retail (convenience stores) |
| Founded | 2011 |
| Headquarters | 500 Speedway Dr. Enon, Ohio, United States |
|
Number of locations
|
2822 |
|
Key people
|
Tony Kenney, President |
| Revenue | $19,690 million (2015) |
| $734 million (2016) | |
|
Number of employees
|
35,400 (2014) |
| Parent | Marathon Petroleum |
| Website | www.speedway.com |
Speedway LLC is the operator of a combination gas station/convenience stores that is based in Enon, Ohio, United States with locations operating under its namesake brand along the Midwestern and East Coast of the United States. Speedway LLC is a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest chain in central Ohio.
Speedway started as Speedway 79, the name of a gasoline chain based in Michigan for much of the first half of the 20th century. In 1959, Marathon, then known as the Ohio Oil Company, purchased the chain and promptly converted its outlets to the Marathon brand.
As self-service gasoline became legalized in many states, Marathon decided to use "Speedway" (without the "79") at higher-volume self-service stations with convenience stores. The concept turned out to be one of the few bright spots for Marathon during this time, and the company quickly expanded this concept across Marathon's main territories across the Midwest and Southeastern United States. Part of this expansion was through the acquisition of various other smaller regional gasoline station chains, including GasAmerica, Starvin' Marvin, Gastown, Wake Up, Bonded, United, Cheker, Port, Ecol, and Value. These stations were converted to the Speedway branding. Stations acquired in the Cheker deal included former Enco stations that Cheker acquired after they were sold off by Exxon in 1977.
In 1997, Marathon and Ashland Petroleum formed Marathon Ashland Petroleum LLC (MAP), a joint venture which combined the companies' refining, marketing, and transportation businesses, with Marathon owning 62% of the operations while Ashland owned 38%. In the process, Ashland's SuperAmerica and Marathon's Speedway convenience store chains were merged to form Speedway SuperAmerica LLC, a wholly owned subsidiary of MAP. At this time, Marathon acquired the rights to the Solo, Save Mart, Save More, and Rich brands from Ashland, along with others. Many of these brands would be converted to the Speedway brand over time. When the merger was completed in 1998, the Speedway and SuperAmerica brands began to market together.
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Wikipedia