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M&A Deal Summary

Sunoco Acquires Parkland

On May 5, 2025, Sunoco acquired oil/gas exploration company Parkland for 9.1B USD

Acquisition Highlights
  • This is Sunoco’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Sunoco’s largest (disclosed) transaction.
  • This is Sunoco’s 1st transaction in Canada.
  • This is Sunoco’s 1st transaction in Alberta.

M&A Deal Summary
Date 2025-05-05
Target Parkland
Sector Oil/Gas Exploration
Buyer(s) Sunoco
Deal Type Add-on Acquisition
Deal Value 9.1B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Norton Rose Fulbright (Legal)

Target

Parkland

Calgary, Alberta, Canada
Parkland is an independent marketers of fuel and petroleum products. It deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Parkland was founded in 1977 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Sunoco

Dallas, Texas, United States
Category Company
Founded 2012
Sector Distribution
Employees3,298
Revenue 22.7B USD (2024)
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 12 of 12
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 NuStar Energy

San Antonio, Texas, United States

NuStar Energy is an independent liquids terminal and pipeline operator. The company currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia, and specialty liquids. NuStar Energy was founded in 1999 and is based in San Antonio, Texas.

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