Sunoco's $9.6 Billion Parkland Acquisition on Track to Close This Week

Sunoco LP’s $9.6 billion acquisition of Parkland Corporation is set to close October 31, 2025, creating one of North America’s largest integrated fuel and midstream networks.

(P&GJ) - Sunoco LP said its $9.6 billion acquisition of Canada’s Parkland Corporation is on track to close October 31, 2025, marking one of the largest fuel distribution and midstream integration deals in recent years.

Following completion, SunocoCorp LLC—the newly formed entity issuing equity to Parkland shareholders—will begin trading on the New York Stock Exchange under the ticker “SUNC” on November 3, 2025, the company announced.

The transaction, first unveiled earlier this year, will expand Sunoco’s fuel distribution and logistics footprint across North America, creating a vertically integrated platform spanning retail, wholesale, and midstream operations. Upon closing, SunocoCorp will hold an approximate 27% limited-partner interest in Sunoco LP’s common units, aligning the combined entity for broader capital access and growth.

Sunoco LP, a leading U.S. energy infrastructure and fuel-distribution partnership, operates more than 14,000 miles of pipelines and over 100 terminals across 40 states, Puerto Rico, Europe, and Mexico. The integration of Parkland’s retail and wholesale network strengthens Sunoco’s position as a cross-border logistics and marketing leader at a time of heightened demand for midstream capacity and product diversification.

Sunoco LP’s general partner is owned by Energy Transfer LP, which continues to expand its midstream and fuel-infrastructure portfolio through both organic growth and strategic acquisitions.