M&A Deal Summary

Sunoco Acquires Kolkhorst Petroleum - Convenience Store and Wholesale Fuel Distribution Business

On June 22, 2016, Sunoco acquired distribution company Kolkhorst Petroleum - Convenience Store and Wholesale Fuel Distribution Business from Kolkhorst Petroleum

Acquisition Highlights
  • This is Sunoco’s 3rd transaction in the Distribution sector.
  • This is Sunoco’s 5th transaction in the United States.
  • This is Sunoco’s 4th transaction in Texas.

M&A Deal Summary
Date 2016-06-22
Target Kolkhorst Petroleum - Convenience Store and Wholesale Fuel Distribution Business
Sector Distribution
Buyer(s) Sunoco
Sellers(s) Kolkhorst Petroleum
Deal Type Divestiture

Target

Kolkhorst Petroleum - Convenience Store and Wholesale Fuel Distribution Business

Navasota, Texas, United States
Kolkhorst Petroleum, Inc. - Convenience Store and Wholesale Fuel Distribution Business includes 14 company-operated locations and wholesale fuel supply contracts for a network of independent dealer-owned and dealer-operated locations in the greater Austin, Houston and Waco, Texas markets. The business distributes approximately 46 million gallons of retail and wholesale fuel annually.

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Buyer(S) 1

Buyer

Sunoco

Dallas, Texas, United States
Category Company
Founded 2012
Sector Distribution
Employees2,389
Revenue 23.1B USD (2023)
DESCRIPTION

Sunoco is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Sunoco was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 11
Sector (Distribution) 3 of 6
Type (Divestiture) 1 of 6
State (Texas) 4 of 6
Country (United States) 5 of 11
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Stripes Holdings

Corpus Christi, Texas, United States

TRIPES HOLDINGS, LLC (formerly known as Susser) is the largest independent convenience store operator and non-refining motor fuel distributor in Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Direct Fuels

Euless, Texas, United States

Direct Fuels LLC is an independent regional fuel distributor and specialty processer.

Buy -

Seller(S) 1

SELLER

Kolkhorst Petroleum

Navasota, Texas, United States
Category Company
Founded 1972
Sector Distribution
DESCRIPTION

Kolkhorst Petroleum, Inc. is a premier fuel distributor serves the needs of numerous customers throughout Brazos County by supplying the highest quality branded gasoline and diesel fuels (Exxon, Mobil, Shell and Valero).

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
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