Sunoco LP Acquires Parkland Corporation
October 31, 2025
Sunoco LP entered into a definitive agreement to acquire Parkland Corporation in a cash-and-equity transaction valued at approximately US$9.1 billion (including assumed debt), with the goal of expanding fuel supply, scale, and geographic reach. The deal received required regulatory approvals, including Investment Canada Act approval, and ultimately closed on October 31, 2025.
- Buyers
- Sunoco LP
- Targets
- Parkland Corporation
- Industry
- Infrastructure
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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