Combined History
In 1997, Marathon and Ashland formed Marathon Ashland Petroleum LLC (MAP), a joint venture combining the companies’ refining, marketing and transportation businesses, with Marathon owning 62% of the operations while Ashland owned 38%. In the process, Ashland's SuperAmerica and Marathon's Speedway convenience store chains were merged to form Speedway SuperAmerica LLC, a wholly owned subsidiary of MAP.
When the merger was completed in 1998, the Speedway and SuperAmerica brands began to market together. In 2005, Marathon purchased Ashland's share of Marathon Ashland Petroleum, which became Marathon Petroleum Company LLC. At this time the locations outside the upper midwest were converted to "Speedway" and the "SuperAmerica" brand was restricted to that market.
Marathon sold SuperAmerica to Northern Tier Energy, a newly formed company backed by the private equity firms ACON Investments and TPG Capital, in February 2011. Today Speedway and SuperAmerica are unrelated chains.
Read more about this topic: Speedway LLC
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