Sunoco LP has completed its US$9.1 billion acquisition of Canada’s Parkland Corporation, creating the largest independent fuel distributor in the Americas and marking one of the most significant cross-border energy deals of 2025.
Deal Completion
On 31 October 2025, U.S.-based Sunoco LP officially closed its cash-and-stock acquisition of Parkland Corporation, a Canadian fuel retailer and distributor. The transaction, first announced in May, is valued at US$9.1 billion including assumed debt. Parkland’s shares will be delisted from the Toronto Stock Exchange on 4 November 2025, while Parkland shareholders will receive units in a newly formed entity, SunocoCorp LLC, which will trade on the New York Stock Exchange under the ticker SUNC.
Strategic Impact
The acquisition positions Sunoco as the largest independent fuel distributor in the Americas, significantly expanding its retail and wholesale footprint. The deal includes Parkland’s Burnaby refinery in British Columbia, which produces approximately 55,000 barrels per day, as well as thousands of retail fuel stations and convenience outlets across Canada, the U.S., and the Caribbean.
Sunoco executives highlighted the transaction as a transformational step, strengthening its supply chain, refining capacity, and retail presence. Parkland’s Calgary head office will be retained, with commitments to safeguard Canadian jobs and continue investment in local operations.
Market Context
The acquisition comes amid a period of consolidation in the global fuel distribution sector, as companies seek to diversify revenue streams and adapt to the energy transition. Analysts note that Sunoco’s expanded scale will provide greater resilience against market volatility while positioning the company to invest in alternative fuels and low-carbon energy solutions.
Outlook
With the deal finalized, Sunoco is expected to focus on integration of Parkland’s operations, leveraging synergies in logistics, refining, and retail. The combined entity will serve millions of customers across North America, while also exploring opportunities in renewable fuels and electric vehicle infrastructure.
Industry observers suggest the acquisition could spark further consolidation in the sector, as fuel distributors adapt to shifting consumer demand and regulatory pressures tied to climate goals.
Sources: CBC News, Parkland Corporation, Sunoco LP Press Release, Convenience Store News.
