Sunoco expects to exceed $500M in acquisitions this year

Sunoco expects to exceed $500M in acquisitions this year

Executives said the success of deals like its pickup of Parkland is paving the way for new opportunistic acquisitions in the U.S. and beyond.

Sunoco to buy Offen Petroleum in $600M deal

Backed by record quarterly earnings, the Dallas-based master limited partnership is expanding its footprint across the American West and Midwest amid a sweeping wave of global supply chain consolidation.

Sunoco LP to Acquire Offen Petroleum

DALLAS--(BUSINESS WIRE)--Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) announced today that it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum (“Offen”) in an all-cash transaction valued at approximately $600 million. Offen operates a fuel distribution network delivering approximately 2.5 billion gallons annually serving approximately 7,000 customers and over 800 retail stations across the Midwest, Mou…