M&A Deal Summary

Sunoco Acquires Stripes Holdings

On July 31, 2015, Sunoco acquired distribution company Stripes Holdings

Acquisition Highlights
  • This is Sunoco’s 2nd transaction in the Distribution sector.
  • This is Sunoco’s 4th transaction in the United States.
  • This is Sunoco’s 3rd transaction in Texas.

M&A Deal Summary
Date 2015-07-31
Target Stripes Holdings
Sector Distribution
Buyer(s) Sunoco
Deal Type Add-on Acquisition

Target

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.

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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 4 of 11
Sector (Distribution) 2 of 6
Type (Add-on Acquisition) 4 of 5
State (Texas) 3 of 6
Country (United States) 4 of 11
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Aloha Petroleum

Honolulu, Hawaii, United States

Aloha Petroleum is the largest independent gasoline marketer and one of the largest convenience store operators in Hawaii, with an extensive wholesale fuel distribution network and six fuel storage terminals on the islands. Aloha currently markets through approximately 100 Shell, Aloha, and Mahalo branded fuel stations throughout the state, about half of which are company operated.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 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.

Buy -
Mergr

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