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

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.

Sunoco LP Acquires Parkland Corporation

October 31, 2025

Oil & Gas

Sunoco LP, through its purchaser 2709716 Alberta ULC, completed the acquisition of Parkland Corporation on October 31, 2025. Parkland shareholders received a mix of cash and units in SunocoCorp (with aggregate consideration of approximately C$3.46 billion and 51,517,198 SunocoCorp units), and Parkland shares are being withdrawn from the Toronto Stock Exchange while SunocoCorp units will begin trading on the New York Stock Exchange.

Oil Changers Acquires Nine Stores from National Lube Express

March 9, 2022

Automotive

Oil Changers announced the addition of 11 new service centers — including a greenfield shop in Visalia, California and a redevelopment in Yuba City — and the acquisition of nine stores from a regional chain formerly called National Lube Express in the McAllen, Texas area. The deals expand Oil Changers' footprint (bringing the network to 89 locations) as the PE-backed quick-lube operator continues growth across California and Texas.

The Kent Cos. Acquires Jack's Convenience Stores

May 17, 2024

Retail

The Kent Cos., a family-owned Midland, Texas convenience-store operator, has acquired eight Jack's Convenience Stores in West Texas (Midland, San Angelo and Abilene). The acquired locations will be rebranded to Kent Kwik, updated to sell Chevron- or Texaco-branded fuels and integrated into Kent's network to strengthen its West Texas presence.

Laredo Petroleum Acquires Sabalo Energy Assets for $715M

May 9, 2021

Oil & Gas

Laredo Petroleum (NYSE: LPI) signed a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, for approximately $715 million in cash and stock. Concurrently, Laredo sold 37.5% of certain operated PDP reserves in its Legacy leasehold to an affiliate of Sixth Street Partners for $405 million to help fund the acquisition and deleverage the balance sheet.

Global Partners LP Acquires Tidewater Convenience, Inc.

September 21, 2022

Retail

Global Partners LP acquired Tidewater Convenience, Inc.'s 15 convenience-store locations (14 company-operated) in Southeast Virginia, expanding the Partnership's retail footprint in the mid-Atlantic. Matrix Capital Markets Group served as exclusive financial advisor to the seller.