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Schmitt Sales, Inc.

Company Summary

Description

Wholesale Fuel Distributor

Recent news

  • 1/18/2019 - Sunoco Closes on... (subscriber access)

Company Transactions

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.