• New Company to Operate 200-plus Sunoco Stripes Stores

  • New Company to Operate 200-plus Sunoco Stripes Stores

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    A new company led by an industry veteran has entered into a commission-agent 
    agreement with Sunoco LP to operate 207 Stripes convenience stores in West 
    Texas, New Mexico and Oklahoma, Sunoco has confirmed to OPIS.

    Jack Whitney, president and CEO of CAL's Convenience Inc., of Frisco, Texas, 
    could not be reached for comment. His Linked In bio indicates Whitney, educated 
    at the University of North Texas, has nearly two decades of experience in the 
    convenience-fuel business starting in 1999 with The Pantry, a large, publicly 
    held southeastern chain purchased by Couche-Tard in 2015. 

    More recently, he was an executive with CEFCO Convenience Stores and Sunoco's 
    Stripes LLC. Based on his bio, Whitney became chief executive officer of CAL's 
    in January. 

    The multi-state 207-unit chain of stores his company will operate were not part 
    of 7-Eleven Inc.'s recent purchase of the more than 1,000 c-stores Sunoco sold 
    to cease operating company stores. 

    CAL's "has entered into a master lease and a master commission agent (agreement) 
    to own and operate the convenience store business at those stores," a Sunoco 
    spokeswoman told OPIS. "Stripes LLC has granted CAL's a sublicense to use the 
    Stripes and Laredo Taco Company brands pursuant to Stripes' license agreements 
    with 7-Eleven Inc."

    Under the commission agent model, she said that Sunoco owns, prices and sells 
    fuel at the sites, paying the agent a fixed cents-per-gallon commission. "In 
    addition, Sunoco continues to own approximately two-thirds of this portfolio in 
    fee and will receive rental income from the commission agent, who will conduct 
    all operations related to the convenience store and any related restaurant 
    locations," she said.