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Sunoco Acquires Parkland for $9.1 Billion, Forms SUNCorp

5/5/2025

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Summary

Story summary

Sunoco LP is set to acquire Parkland Corporation for $9.1 billion, enhancing its footprint in Canada and the Caribbean.
The acquisition will create a new entity named SUNCorp, providing Parkland shareholders with a 25% premium.
The deal is anticipated to finalize in the latter half of 2025, targeting $250 million in synergies by the third year.

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Story summary

Sunoco LP is set to acquire Parkland Corporation for $9.1 billion, enhancing its footprint in Canada and the Caribbean.
The acquisition will create a new entity named SUNCorp, providing Parkland shareholders with a 25% premium.
The deal is anticipated to finalize in the latter half of 2025, targeting $250 million in synergies by the third year.