United States Motor Fuel Distributor Sunoco to Buy Canada-Based Americas Fuel Distributor & Convenience Retailer Parkland Corporation for $9.1 Billion in Cash & Equity Transaction
7th May 2025 | Hong Kong
United States motor fuel distributor Sunoco has announced to buy Canada-based Americas fuel distributor & convenience retailer Parkland Corporation for $9.1 billion in cash & equity transaction. Sunoco – Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET). Parkland – Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization.
“ United States Motor Fuel Distributor Sunoco to Buy Canada-Based Americas Fuel Distributor & Convenience Retailer Parkland Corporation for $9.1 Billion in Cash & Equity Transaction “
United States Motor Fuel Distributor Sunoco to Buy Canada-Based Americas Fuel Distributor & Convenience Retailer Parkland Corporation for $9.1 Billion in Cash & Equity Transaction
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