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Sunoco LP

Company Summary

Recent news

  • 11/25/2020 - Sunoco Announces Early... (subscriber access)
  • 11/10/2020 - Sunoco Upsizes Offering... (subscriber access)
  • 11/10/2020 - Sunoco Removes $500MM... (subscriber access)
  • 11/9/2020 - Sunoco LP Commences... (subscriber access)
  • 11/9/2020 - Sunoco Commences Private... (subscriber access)

Company Transactions

Date: 2/28/2019
Type: Acquisition

SELLERS:
  • Sunoco LP
  • DETAILS:

    COST: 20 $MM

    NOTES:
    Sunoco has entered into a deal with Attis Industries to sale their ethanol plant in Fulton, New York, for $20 million. Sunoco will also enter into a 10-year offtake agreement from the facility with Attis.
    REGIONS:
  • Northeast
  • Date: 1/18/2019
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 50 $MM

    NOTES:
    Sunoco has closed on their acquisition of wholesale fuel distribution assets from Schmitt Sales, Inc along with convenience store locations from Speedway for $50 million. The stores will be converted to wholesale distribution sites, and the combined purchases will equate to an additional 180 millions of annual fuel distribution capacity.

    Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 125 $MM

    VOLUMES: 77.5 M Bbls/d

    NOTES:
    Sunoco LP acquired the refined products terminalling business from American Midstream Partners for $125 million. The refined products terminalling business are comprised of terminals located in Caddo Mills, Texas and North Little Rock, Arkansas with a combined 21 tanks, 1.3 million barrels of storage capacity, and 77,500 barrels per day of total throughput capacity. The transaction is anticipated to close in 4Q18.

    Date: 12/21/2018
    Type: Acquisition

    REGIONS:
  • South Central
  • Date: 10/17/2018
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 24 $MM

    NOTES:
    Sunoco LP completed its acquisition of BRENCO Marketing Corporation's fuel business for roughly $24 million. The fuel business distributes roughly 95 million gallons of fuel annually through a network of roughly 160 dealer and commission agent-operated locations and 100 commercial accounts in Central and East Texas.

    Date: 8/2/2018
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 66 $MM

    NOTES:
    The newly added wholesale fuels business of Sandford is responsible for distributing 115 million gallons of fuel annually to oil & gas customers in Texas & Oklahoma. Sunoco funded the deal with cash on hand and debt on their credit facility.
    REGIONS:
  • South Central
  • Date: 4/15/2018
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 40 $MM

    VOLUMES: 5479 Gls/d

    NOTES:
    The assets consist of a network of approximately 100 dealers, several hundred commercial contracts and three terminals, which are connected to major pipelines serving the Upstate New York market. The wholesale fuels business sells approximately 200 million gallons of fuel annually through multiple channels. The three terminals have a combined 17 tanks with 429 thousand barrels of storage capacity.
    REGIONS:
  • United States
  • Date: 10/30/2017
    Type: Acquisition

    BUYERS:
  • 7-Eleven, Inc
  • SELLERS:
  • Sunoco LP
  • DETAILS:

    COST: 3.3 $B

    NOTES:
    SUN entered into a definitive asset purchase agreement for the sale of a majority of its company-operated convenience stores to 7-Eleven, Inc. Total consideration in the transaction is $3.3 billion in cash plus fuel, merchandise and other inventories.
    REGIONS:
  • United States
  • Date: 4/17/2017
    Type: Acquisition

    SELLERS:
  • Sunoco LP
  • DETAILS:

    COST: 10 $MM

    NOTES:
    REGIONS:
  • Midwest
  • Date: 10/12/2016
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 53 $MM

    VOLUMES: 90 Gallons (Millions)

    NOTES:
    The assets include 6 company-operated locations and supply contracts for 120 independent dealer-owned and operated stations (90 million gallons of gasoline annually).
    REGIONS:
  • South Central
  • Date: 9/15/2016
    Type: Acquisition

    NOTES:
    Acquisition of Emerge Energy Services fuels business assets
    REGIONS:
  • United States
  • Date: 3/30/2016
    Type: Acquisition

    BUYERS:
  • Sunoco LP
  • DETAILS:

    COST: 2.23 $B

    NOTES:
    ETP Sold its 6.72% Interest in Sunoco, LLC and its 100% Interest in Sunoco, INC
    REGIONS:
  • Canada
  • United States