The renewal covers approximately 2,750 stores in 22 Midwest, East Coast and Southeastern states, and includes expansion rights.
July 31, 2015
Cardtronics Inc. has entered into a new, long-term agreement with Speedway LLC, the nation's second largest company-owned and -operated convenience store chain.
The renewal agreement covers a footprint of approximately 2,750 stores located in 22 Midwest, East Coast and Southeastern states. Cardtronics also has expansion rights to operate ATMs for future store locations of the Enon, Ohio-based chain.
"Cardtronics' renewal with Speedway is in fact two renewals wrapped into one," David Dove, president of the North American business group at Cardtronics, said in a news release. "At the end of 2014, Speedway closed its acquisition of Hess convenience store operations, a longtime Cardtronics client. With this renewal agreement we've secured our existing business and are poised to activate value-added traffic-driving and traffic-to-buyer conversion tools for the benefit of our client and their customers."