Sunoco LP to Acquire NuStar Energy L.P. in All-Equity Transaction Valued at $7.3 Billion

January 22, 2024

Sunoco LP and NuStar Energy L.P. entered into a definitive agreement under which Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. The deal is expected to close in Q2 2024 after satisfaction of customary closing conditions and approval by NuStar unitholders and regulators.

Buyers
Sunoco LP
Targets
NuStar Energy L.P.
Industry
Oil & Gas
Location
United States
Transaction Type
Buyout

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