Sunoco LP completes acquisition of Parkland Corporation in $12.5 billion transaction

Sunoco LP

Sunoco acquired all outstanding common shares of Parkland via a court-approved plan of arrangement on October 31, 2025.
Transaction valued at approximately $12.5 billion, including assumed debt; shareholders received 0.295 SunocoCorp units and $19.80 per share.
Parkland shareholders could elect to receive $44.00 per share in cash or 0.536 SunocoCorp units, subject to pro-ration and adjustments.
Sunoco filed amended unaudited pro forma condensed combined financial statements for the year ended December 31, 2024 and nine months ended September 30, 2025.
Parkland became an indirect wholly owned subsidiary of Sunoco after receiving shareholder and all key regulatory approvals.

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