DALLAS — Sunoco LP has completed its $9.1 billion acquisition of Parkland Corp., a move that dramatically expands its retail presence across North America and positions the company as the largest independent fuel distributor and retailer in the Americas.
The deal, finalized October 31, adds more than 3,600 retail and convenience locations to Sunoco’s network, including 699 sites in the United States. Of those, 122 are company-owned and operated. The acquisition brings Parkland’s diverse banners and proprietary store formats under Sunoco’s umbrella, giving the Dallas-based energy company a stronger foothold in both fuel and convenience retailing.
Parkland’s shares will be delisted from the Toronto Stock Exchange at market close on November 4, and SunocoCorp LLC, the new entity issuing common units to Parkland shareholders, will start trading on the New York Stock Exchange on November 6.
Expanding the Convenience and Fuel Retail Network
With the addition of Parkland’s stores, Sunoco now controls one of the most geographically diverse retail networks in the industry, spanning the United States, Canada, and the Caribbean. The company’s midstream infrastructure, including 14,000 miles of pipeline and 160 terminals, will support this expanded retail base with direct access to fuel supply and distribution.
Sunoco President and CEO Joseph Kim said the company’s immediate priority is integrating Parkland’s retail and fuel assets while maintaining continuity for customers and partners. “Our focus is on building a stronger, more efficient retail platform that combines Parkland’s local expertise with Sunoco’s operational scale,” Kim said.
Leadership Transition and Market Outlook
Parkland President and CEO Bob Espey will step down following 14 years of leadership. His departure marks the end of a transformative era for Parkland, which had grown rapidly through acquisitions but faced pressure in recent years from shareholders dissatisfied with performance.
For Sunoco, the acquisition marks a strategic re-entry into the large-scale retail market. The company divested most of its convenience-store assets to 7-Eleven in 2024 but retained a small base of 76 company-operated stores. Now, with Parkland’s more than 3,600 sites, Sunoco gains a robust retail platform to compete across multiple regions and formats — from fuel-forward convenience stores to urban forecourts and commercial service centers.
What Comes Next for the Combined Company
Analysts say the acquisition could reshape the North American retail fuel landscape, potentially prompting Sunoco to rationalize certain assets while leveraging Parkland’s data-driven retail operations and private-label programs. The integration phase will determine how much of Parkland’s retail identity remains intact under the Sunoco banner.
Sunoco’s updated investor presentation outlining integration plans and retail strategy is available at www.sunocolp.com
