Hunton & Williams Represents Biscayne Petroleum, LLC and Everglades Petroleum, LLC in Sale to 7-Eleven, Inc.

Hunton & Williams LLP advised Biscayne Petroleum, LLC and Everglades Petroleum, LLC on their acquisition by 7-Eleven, Inc. and its wholly owned subsidiary, SEI Fuel Services, Inc.

The sale to 7-Eleven, Inc. closed on November 9, 2015. The acquisition of Miami-based Biscayne Petroleum LLC and Everglades Petroleum, LLC’s assets, all of which are being sold as part of the transaction, include convenience stores and gas stations owned and operated throughout Miami-Dade, Broward and Palm Beach counties; and a mix of 102 high-volume company operated, commission marketer, lessee dealer and supply only stores, as well as the vast majority of the stores’ real estate owned by Biscayne Petroleum and Everglades Petroleum.

“The station portfolio owned and operated by Biscayne and Everglades provided a very attractive and unique opportunity for 7-Eleven to expand its footprint in South Florida,” commented Hunton & Williams’s partner David R. Yates. “Their top notch management of the stations will permit a seamless transition into 7-Eleven’s operations.”

The Hunton & Williams team that served as legal counsel was led by partner David R. Yates in Atlanta, included partners Robert S. Rausch and Fernando C. Alonso in Miami, Daniel E. Uyesato in Raleigh, and associate Susanne Schurad in Miami.

Daniela Fontecilla advised Biscayne and Everglades as in-house counsel.

Cedric Fortemps and Thomas Kelso of Matrix Capital Markets Group, Inc.’s Downstream Energy & Retail Group served as Biscayne Petroleum, LLC and Everglades Petroleum, LLC’s investment advisers.