HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.May.2025) — Sunoco LP — an energy infrastructure and fuel distribution master limited partnership operating in over 40 US states, Puerto Rico, Europe, and Mexico — and Parkland Corporation entered into a definitive agreement whereby the former will acquire all outstanding shares of the latter in a cash and equity transaction valued at $9.1bn, including assumed debt.
As part of the transaction, Sunoco intends to form a new publicly-traded Delaware limited liability company named SUNCorp, LLC, which will hold limited partnership units of Sunoco that are economically equivalent to Sunoco’s publicly-traded common units on the basis of one Sunoco common unit for each outstanding SUNCorp unit.
