M&A Deal Summary

Sunoco Acquires Speedway - Convenience Store

On January 18, 2019, Sunoco acquired oil/gas exploration company Speedway - Convenience Store from Speedway

Acquisition Highlights
  • This is Sunoco’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sunoco’s 10th transaction in the United States.
  • This is Sunoco’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-01-18
Target Speedway - Convenience Store
Sector Oil/Gas Exploration
Buyer(s) Sunoco
Sellers(s) Speedway
Deal Type Divestiture

Target

Speedway - Convenience Store

Enon, Ohio, United States
Speedway LLC - Convenience Store is a provider of oil and fuel services in Enon, Ohio.

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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 10 of 11
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 6 of 6
State (Ohio) 1 of 1
Country (United States) 10 of 11
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 Schmitt Sales - Wholesale Fuel Distribution

Williamsville, New York, United States

Schmitt Sales, Inc. - Wholesale Fuel Distribution is a provider of fuel distribution services in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Sunoco - 204 Stripes Stores

Texas, United States

Sunoco's 204 Stripes Stores includes Stripes® convenience stores and Laredo Taco Company® restaurants.

Sell -

Seller(S) 1

SELLER

Speedway

Enon, Ohio, United States
Category Company
Founded 1997
Sector Retail
DESCRIPTION
Speedway gas station in Pompano Beach, Florida.
Speedway gas station in Pompano Beach, Florida.

Speedway is a US convenience store chain with approximately 3,900 stores located in 36 states. The Company was formed in 1997 and is headquartered in Enon, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Hess Retail Holdings

New York, New York, United States

Hess Retail Holdings LLC, provides retail and markets gasoline and petroleum refined products.

Buy $2.9B
Mergr

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