Sunoco LP Acquires Parkland Corporation

Parkland Corporation Acquires Lynch Oil Assets in Idaho

November 11, 2021

Energy

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), entered into an agreement to acquire substantially all assets of Lynch Oil and certain affiliates. The asset purchase adds over 180 million litres of annual fuel sales and multiple retail and supply assets in southern and central Idaho, strengthening Parkland's convenience retail network and regional supply position.

Sunoco LP to Acquire NuStar Energy L.P. for $7.3 Billion

January 22, 2024

Oil & Gas

Sunoco LP agreed to acquire NuStar Energy L.P. in an all‑equity transaction valued at approximately $7.3 billion including assumed debt. Under the deal NuStar common unitholders will receive 0.400 Sunoco common units per NuStar common unit (about a 24% premium); the transaction has board approval and is expected to close in Q2 2024 subject to unitholder and regulatory approvals.

Parkland Corporation Acquires Sevier Valley Oil Company, Inc.

November 9, 2020

Energy

Parkland Corporation, through its wholly owned U.S. subsidiaries (Parkland USA), agreed to acquire all assets of Sevier Valley Oil Company, Inc. (SVO), a Richfield, Utah–based retail and commercial fuel business. The deal adds seven company retail locations, more than 20 retail dealers and approximately 350 million litres of annual fuel and petroleum product volume, expanding Parkland's U.S. retail and distribution footprint in southern Utah and the surrounding Rockies region.

7-Eleven Acquires 204 Stripes Stores and Laredo Taco Company Locations from Sunoco LP

April 17, 2024

Retail

7-Eleven, Inc. has completed the acquisition of 204 Stripes convenience stores and associated Laredo Taco Company restaurant locations from Sunoco LP in a deal valued at roughly $1 billion. The transaction expands 7-Eleven's U.S. footprint and brings the Stripes and Laredo Taco Company brands under the 7-Eleven corporate family.

Parkland Corporation Acquires Conrad & Bischoff Inc.

February 26, 2021

Oil & Gas

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), has entered into an agreement to acquire Conrad & Bischoff Inc., establishing a fourth U.S. Regional Operating Center in Idaho Falls, Idaho. The acquisition adds 58 retail sites (19 company-owned), terminal storage capacity (~30 million litres), and approximately 700 million litres of annual fuel and petroleum product volume, expanding Parkland's supply optionality and presence across Idaho and western Wyoming with distribution reach into neighboring states.

ConocoPhillips Acquires Marathon Oil Corporation

May 29, 2024

Energy

ConocoPhillips has acquired Marathon Oil Corporation in an all-stock transaction (0.2550 COP shares per Marathon share) with an enterprise value of $22.5 billion (including $5.4 billion of net debt). The deal, approved by Marathon shareholders and completed in November 2024, expands ConocoPhillips' U.S. Lower 48 portfolio, is immediately accretive, and is expected to deliver significant cost and capital synergies.