Speedway - About the company
Speedway is an acquired company based in Enon (United States), founded in 1959 by Alvi Sameer. It operates as a Provider of fuel, convenience store items, and financial services. The company has 198 active competitors, including 9 funded and 80 that have exited. Its top competitors include companies like Walmart, M&S and Target.
Company Details
Provider of fuel, convenience store items, and financial services. This company operates a network of retail locations offering gasoline, a variety of food and beverage options, and car washes. They also provide financial services including Speedy Rewards loyalty programs, various prepaid cards, and reloadable debit cards. The company's offerings cater to the daily needs of consumers seeking fuel and convenience.
- Website
- www.speedway.com/
- Social
- Registered Address
- Enon, Ohio
Key Metrics
Founded Year
1959
Location
Enon, United States
Stage
Acquired
Ranked
17th among 198 active competitors
Employee Count
34,211 as on Dec 31, 2022
Similar Companies
Exit Details
Acquired by 7-Eleven (Aug 02, 2020)
Legal entities associated with Speedway
Speedway is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SPEEDWAY LLC CIN: 311551430 , United States, Active | Dec 26, 999 | - | 34211 (As on Dec 31, 2022) | - |
Speedway's acquisition details
Speedway got acquired by 7-Eleven on Aug 02, 2020 at an acquisition amount of $21B. It was facilitated by Barclays, Wachtell, Lipton, Rosen & Katz and J P Morgan.
Click here to take a look at Speedway's acquisition in detail
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Speedway's funding and investors
Speedway has not raised any funding rounds yet.
Speedway's founders and board of directors
Founder? Claim ProfileThe founders of Speedway is Alvi Sameer.
Here are the details of Speedway's key team members:
- Alvi Sameer: Co-Founder of Speedway.
View details of Speedway's Founder profiles and Board Members
Speedway's employee count trend
Speedway has 34,211 employees as of Dec 22. The total employee count is 16.0% more than what it was in Dec 21. Here is Speedway's employee count trend over the years:
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Speedway's Competitors and alternates
Top competitors of Speedway include Walmart, M&S and Target. Here is the list of Top 10 competitors of Speedway, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Walmart 1962, Bentonville (United States), Public | Multinational retail corporation | - | 77/100 | |
2nd | _1530848078487.png?devicePixelRatio=2&height=30&width=30){kind=logo} M&S 1884, London (United Kingdom), Public | Retail chain of clothing, home & luxury food products | - | 75/100 | |
3rd | Target 1962, Minneapolis (United States), Acquired | Retailer of women’s, kids’, toddler & baby items | - | 75/100 | |
4th | Ace Hardware 1924, Oak Brook (United States), Acquired | Offline retail chain for hardware products | - | 73/100 | |
5th | Nordstrom 1901, Seattle (United States), Public | Fashion specialty retailer | - | 72/100 | |
6th | TravelCenters of America 1972, Westlake (United States), Acquired | Franchise network of hospitality and convenience stores | - | 72/100 | |
7th |  Lowe 1946, Mooresville (United States), Public | Home improvement retailer offering a range of products and services | - | 72/100 | |
8th |  Next 1982, Leicester (United Kingdom), Public | Online retailer of apparel, accessories, homeware, beauty, and furniture | - | 70/100 | |
9th | Neiman Marcus 1907, Honolulu (United States), Acquired | Retail chain of luxury department store | $200M | 69/100 | |
10th | Kroger 1883, Cincinnati (United States), Public | Retail chain of grocery products | - | 67/100 | |
17th | Speedway 1959, Enon (United States), Acquired | Provider of fuel, convenience store items, and financial services | - | - | 65/100 |
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Speedway's Investments and acquisitions
Speedway has made no investments or acquisitions yet.
News related to Speedway
Filter this listMedia has covered Speedway for a total of 4 events in the last 1 year, 1 of them has been about company updates.
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7-Eleven Notches $14 Million Raised for Children’s Hospitals in 2025CStore Decisions•Jan 28, 2026•Stripes Convenience Stores, 7-Eleven, Speedway
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Wells Fargo pulling ATMs from Speedways in MinnesotaRetailCustomerExperience•Feb 20, 2025•Wells Fargo, Speedway
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7-Eleven parent to sell Sogo & Seibu for $1.38bn to U.S. fundNihon Keizai Shimbun•Nov 09, 2022•DHVC, BlockTower, Seven & i Holdings, Goat Capital and 4 others
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7-Eleven Ordered to Sell 293 Stores Acquired in Speedway DealBloombergQuint•Jun 25, 2021•7-Eleven, Marathon Petroleum, Speedway
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