Sunoco Embarks on Major Acquisitions and Strategic Sales

Published 4 hours agoSUN

Sunoco Embarks on Major Acquisitions and Strategic Sales

Sunoco LP has announced a significant agreement to purchase Canadian fuel distributor Parkland Corporation for $9.1 billion, a move that aims to establish the company as the largest fuel distributor in the Americas. The acquisition was revealed on May 5, 2025, as part of Sunoco's broader strategy to bolster its presence in the fuel distribution market, according to reporting from Financial Times.

Earlier endeavors included the acquisition of NuStar Energy L.P. for approximately $7.3 billion in January 2024. This transaction, completed through an all-equity deal, allowed Sunoco to expand its operations within the energy sector. Additionally, Sunoco offloaded 204 convenience stores to 7-Eleven for $1 billion in April 2024, aligning with its strategy to optimize asset allocation. These stores were situated across West Texas, New Mexico, and Oklahoma.

Sunoco has also been active in the European market, purchasing liquid fuels terminals in Amsterdam and Ireland for €170 million in March 2024. This acquisition is targeted at improving supply chain efficiencies for its U.S. East Coast operations. In another strategic move, Sunoco entered a joint venture with Energy Transfer to consolidate their gathering assets in the Permian Basin, with Sunoco holding a 32.5% interest. As of the latest report, Sunoco's stock remains relatively stable, trading at $55.32 with minimal fluctuation.

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