The SuperAmerica gas station brand has been sold as part of a $23 billion buyout that also includes the St. Paul Park oil refinery.
The gas station and convenience store chain, which employs 2,000 workers across 285 stores in Minnesota, Wisconsin and the Dakotas, was included in the deal agreed between Marathon Petroleum and current owner Andeavor.
Marathon – which owned the St. Paul Park oil refinery under a previous name, Marathon Oil – will buy Andeavor in a move that will create the "largest independent refiner" in the country.
As well as SuperAmerica, the deal also includes Andeavor refineries in several states, including the St. Paul Park facility that employs 411 workers, and the food manufacturing and distribution center in St. Paul Park that supplies its gas station stores.
A crude oil pipeline from Clearbrook, Minnesota to the Twin Cities is also included.
Marathon notes the acquisition of the gas station chains could lead to $200 million in efficiencies, as they'll become part of a 7,800 location national network that includes the Marathon and Speedway filling station brands.
The Star Tribune notes that Marathon will become the fourth owner of the St. Paul Park refinery in the past eight years.