Editing Sunoco (section)

===Current Operation: Focus on fuel distribution and energy infrastructure===
Also in 2014, Sunoco LP acquired [[Aloha Petroleum|Aloha Petroleum, Ltd.]], a retail and wholesale fuel business with six terminals in [[Hawaii]].<ref>{{cite news | url=http://www.cspdailynews.com/mergers-acquisition-growth/mergers-acquisitions-news/articles/aloha-saying-goodbye-hawaii | title=Aloha Saying Goodbye to Hawaii | work=CSP Daily News | date=September 26, 2014}}</ref> Additionally, it purchased eight Pico convenience stores in south central Texas.<ref>{{cite press release|url=https://www.prnewswire.com/news-releases/sunoco-lp-acquires-8-pico-convenience-stores-in-south-central-texas-300065881.html|title=Sunoco LP Acquires 8 Pico Convenience Stores in South Central Texas}}</ref> In December 2015, the company completed its acquisition of Alta East, Inc., a wholesale motor fuel distribution business serving the northeast United States.<ref>{{cite web|url=https://csnews.com/sunoco-lp-acquires-alta-east-fuel-distribution|title = Sunoco LP Acquires Alta East Fuel Distribution| date=16 December 2015 }}</ref> In 2015, Aloha Petroleum, Ltd. acquired stores including a [[Subway (restaurant)|Subway]] in Hawaii.<ref>{{cite news | url=https://www.bizjournals.com/pacific/blog/morning_call/2015/10/aloha-petroleum-acquires-kauai-shell-gas-stations.html | title=Aloha Petroleum acquires Kauai Shell gas stations, Subway, convenience stores | first=Janis L. | last=Magin | work=[[American City Business Journals]] | date=October 1, 2015}}</ref>

In June 2016, Sunoco LP purchased Valentine Convenience stores, consisting of 18 locations selling more than 20 million gallons of fuel, as well as Texas{{En dash}}based Kolkhorst Petroleum, Inc. Kolkhorst operated 14 convenience stores under the Rattler's brand and distributed more than 46 million gallons of fuel.<ref>{{cite web|url=https://csnews.com/valentine-stores-sells-retail-business-sunoco-lp|title = Valentine Stores Sells Retail Business to Sunoco LP| date=15 April 2016 }}</ref><ref>{{cite web|url=https://www.cspdailynews.com/mergers-acquisitions/rattlers-c-store-chain-changes-hands|title = Rattlers C-Store Chain Changes Hands}}</ref> Denny Oil, a convenience store and wholesale distributor operator, was purchased by Sunoco LP in October 2016, adding an additional 90 million gallons of fuel to its distribution business.<ref>{{cite web|url=https://csnews.com/sunoco-closes-acquisition-deal-denny-oil|title = Sunoco Closes on Acquisition Deal with Denny Oil| date=13 October 2016 }}</ref>

Sunoco diversified its portfolio in August 2016 with the acquisition of Emerge Energy Services LP, entering into the business of processing transmix fuels.<ref>{{cite web|url=https://csnews.com/sunoco-completes-acquisition-emerge-energy-fuels-biz|title = Sunoco Completes Acquisition of Emerge Energy Fuels Biz| date=September 2016 }}</ref>

In April 2017, Sunoco introduced at all of its stations Sunoco UltraTech, a high-detergent fuel blend that met Top Tier standards. Sunoco UltraTech contains the same detergent level as the fuel Sunoco makes for [[NASCAR]].<ref>{{cite web|url=https://csnews.com/sunoco-launching-high-detergent-fuel-blend|title = Sunoco Launching High Detergent Fuel Blend| date=20 February 2017 }}</ref>

[[File:Sunoco-crystal-run-xing-middletown-ny-photos-eveliophoto-284.jpg|thumb|Sunoco fuel station in [[Middletown, Orange County, New York|Middletown, New York]] operated by Gas Land Petroleum, Inc.]]

In January 2018, the company sold 1,030 retail stores to [[7-Eleven]] and agreed to supply 2.2 billion gallons of fuel to 7{{En dash}}Eleven convenience stores annually for 15 years.<ref>{{cite news | title=7-Eleven completes $3.3B purchase after agreeing to divest stores | url=https://www.bizjournals.com/dallas/news/2018/01/25/7-eleven-completes-3-3b-purchase-after-agreeing-to.html | first=Korri | last=Kezar | work=[[American City Business Journals]] | date=January 25, 2018}}</ref> This included Sunoco's contract to the service plazas along the [[Pennsylvania Turnpike]]. Sunoco LP announced the completion of the acquisition of the refined terminal business from American Midstream Partners, LP on December 20, 2018.<ref>{{cite press release|url=https://www.prnewswire.com/news-releases/sunoco-lp-completes-the-acquisition-of-the-refined-products-terminalling-business-from-american-midstream-partners-lp-300769495.html|title = Sunoco LP Completes the Acquisition of the Refined Products Terminalling Business from American Midstream Partners, LP}}</ref>

On April 2, 2018, Sunoco announced the completion of the conversion of its 207 retail sites located in central west Texas, Oklahoma, and New Mexico markets to a single commission agent, Cal's Convenience, Inc.<ref>{{cite web|url=https://www.cspdailynews.com/mergers-acquisitions/cals-convenience-picks-207-sites-sunoco|title = Cal's Convenience Picks up 207 Sites from Sunoco}}</ref> That month also saw the acquisition of Superior Plus Energy Services, adding three terminals and approximately 200 million gallons to Sunoco LP's wholesale fuels business.<ref>{{cite press release|url=https://www.prnewswire.com/news-releases/sunoco-lp-announces-definitive-agreement-to-acquire-the-wholesale-fuel-distribution-and-terminal-business-from-superior-plus-corporation-300623778.html|title=Sunoco LP Announces Definitive Agreement to Acquire the Wholesale Fuel Distribution and Terminal Business from Superior Plus Corporation}}</ref> Additional 2018 acquisitions included Sandford Energy, LLC., BRENCO Marketing Corp., and Schmitt Sales, Inc.<ref>{{cite press release|url=https://www.prnewswire.com/news-releases/sunoco-lp-completes-the-acquisition-of-sandford-oil-300690603.html|title = Sunoco LP Completes the Acquisition of Sandford Oil}}</ref><ref>{{cite web|url=https://www.cspdailynews.com/mergers-acquisitions/sunoco-acquires-brenco-marketing|title = Sunoco Acquires Brenco Marketing}}</ref><ref>{{cite web|url=https://www.cspdailynews.com/mergers-acquisitions/sunoco-lp-acquires-c-stores-speedway-schmitt-sales|title = Sunoco LP Acquires C-Stores from Speedway, Schmitt Sales}}</ref>

In 2019, Sunoco LP announced a 50 percent ownership joint venture with Energy Transfer on the J.C. Nolan diesel fuel pipeline that connects west Texas to the Gulf Coast.<ref>{{Cite web |url=https://www.kallanishenergy.com/2019/08/09/energy-transfer-boosts-q2-net-income-by-523m/ |title=Energy Transfer boosts Q2 net income by $523M » Kallanish Energy News |access-date=2020-01-24 |archive-date=2020-01-24 |archive-url=https://web.archive.org/web/20200124195112/https://www.kallanishenergy.com/2019/08/09/energy-transfer-boosts-q2-net-income-by-523m/ |url-status=dead }}</ref> On January 18, 2019, Sunoco LP announced the execution of a definitive asset purchase agreement with Attis Industries, Inc. for the sale of Sunoco LP's ethanol plant, including the grain malting operation in Fulton, New York.<ref>{{cite press release|url=https://www.globenewswire.com/news-release/2019/06/03/1863264/0/en/Attis-Industries-Completes-Acquisition-of-Corn-Ethanol-Plant-from-Sunoco-LP.html|title=Attis Industries Completes Acquisition of Corn Ethanol Plant from Sunoco LP|date=3 June 2019}}</ref>

In 2021, the company expanded its midstream footprint with the construction of a terminal in [[Brownsville, Texas]]<ref>[https://www.portofbrownsville.com/sunoco-expands-midstream-footprint/ "Sunoco Expands Midstream Footprint"] Port of Brownsville. Retrieved 2023-04-21.</ref> along with the purchase of a terminal in Maryland from Cato Incorporated and eight terminals in Illinois, Maryland, Florida, New Jersey, and Virginia from NuStar Energy LP.<ref>[https://www.bulktransporter.com/fleet-management/storage-terminals/article/21171794/sunoco-to-buy-storage-terminals-from-nustar-energy-cato "Sunoco to buy storage terminals from NuStar Energy, Cato, Incorporated"] ''Bulk Transporter''. Retrieved 2023-04-21.</ref>

In 2022, Sunoco acquired Gladieux Capital Partners, LLC, a transmix plant in Indiana that included a wholesale fuel business,<ref>[https://seekingalpha.com/news/3800725-sunoco-indicated-higher-after-q4-earnings-revenues-top-estimates "Sunoco indicated higher after Q4 earnings, revenues top estimates"] ''Seeking Alpha''. Retrieved 2023-04-21.</ref> and Peerless Oil & Chemicals, a terminal and wholesale fuel business in Puerto Rico.<ref>[https://www.marketscreener.com/quote/stock/SUNOCO-LP-18397147/news/Sunoco-LP-completed-the-acquisition-of-Peerless-Oil-Chemicals-Inc-for-76-million-43040625/ "Sunoco LP completed the acquisition of Peerless Oil & Chemicals, Inc. for $76 million."] ''MarketScreener''. Retrieved 2023-04-21.</ref>

In May 2023, the company completed the acquisition of 16 refined product terminals located across the East Coast and Midwest from Zenith Energy.<ref>[https://pgjonline.com/news/2023/may/sunoco-buys-terminals-from-zenith-energy-for-110-million "Sunoco Buys Terminals from Zenith Energy for $110 Million"] ''Pipeline & Gas Journal''. Retrieved 2023-06-20.</ref><ref>[https://www.hartenergy.com/exclusives/sunoco-buys-terminals-zenith-energy-110-million-204965 "Sunoco Buys Terminals from Zenith Energy for $110 Million"] ''Hart Energy''. Retrieved 2023-06-20.</ref>

In January 2024, Sunoco announced the sale of 204 convenience stores in New Mexico, Oklahoma, and West Texas to 7-Eleven for $1.0 billion.<ref>[https://www.reuters.com/markets/deals/sunoco-sell-204-stores-7-eleven-10-billion-2024-01-11/ "Sunoco to sell 204 stores to 7-Eleven for $1.0 billion"] ''Reuters''. Retrieved 2024-01-18.</ref>

On March 13, 2024, Sunoco LP announced its acquisition of  Zenith Energy Netherlands Amsterdam B.V., which included liquid fuels terminals in Amsterdam, Netherlands, and Bantry Bay, Ireland.<ref>[https://www.marketwatch.com/story/sunoco-to-buy-european-liquid-fuel-terminals-31741a7a "Sunoco to Buy European Liquid-Fuel Terminals"] ''MarketWatch''. Retrieved 2024-01-24.</ref>

[[File:Sunoco 2023.png|thumb|Sunoco fuel stations logo]]

On May 3, 2024, Sunoco LP acquired [[NuStar Energy]] LP for $7.3 billion.<ref>[https://www.bloomberg.com/news/articles/2024-01-22/gas-station-owner-sunoco-to-buy-nustar-energy-for-7-3-billion "Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion"] ''Bloomberg''. Retrieved 2024-01-24.</ref> As reported by J.P. Morgan analysts, the acquisition “represented a transformative shift in strategy to a more diversified and vertically integrated business.”<ref>[https://www.reuters.com/markets/deals/sunoco-buy-nustar-energy-all-stock-deal-73-billion-2024-01-22/ "Sunoco to buy NuStar Energy in $7.3 bln deal as it expands midstream business"] ''Reuters''. Retrieved 2024-10-13.</ref> Assets added in the acquisition included a network of approximately 9,500 miles of pipeline and 63 terminals.<ref>[https://www.rigzone.com/news/sunoco_to_buy_nustar_in_73b_deal-23-jan-2024-175485-article/ "Sunoco to Buy NuStar in $7.3B Deal"] ''Rigzone''. Retrieved 2024-10-13.</ref>

In July 2024, Sunoco LP announced the formation of a joint venture with Energy Transfer to combine their crude oil and produced water-gathering assets in the Permian Basin.<ref>[https://www.reuters.com/markets/deals/energy-transfer-sunoco-form-joint-venture-permian-crude-businesses-2024-07-16/ "Energy Transfer, Sunoco form joint venture of Permian crude businesses"] ''Reuters''. Retrieved 2024-11-06.</ref> The joint venture now operates more than 5,000 miles of crude oil and water gathering pipelines along with crude oil storage capacity of over 11 million barrels. Energy Transfer holds a 67.5% interest in the joint venture, with Sunoco LP holding the remaining 32.5% interest.<ref>[https://www.mrt.com/business/oil/article/energy-transfer-sunoco-venture-19581953.php "Energy Transfer, Sunoco combine Permian assets"] ''Midland Reporter-Telegram''. Retrieved 2024-11-06.</ref>

In August 2024, the company acquired a liquid fuels terminal in Portland, Maine.<ref>[https://www.marketwatch.com/story/sunoco-to-buy-south-portland-maine-products-terminal-from-arclight-opis-315acb81 "Sunoco to Buy South Portland, Maine, Products Terminal from ArcLight"] ''MarketWatch''. Retrieved 2024-11-06.</ref>

On March 12, 2025, Sunoco LP expanded its presence in Europe by acquiring TanQuid, Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland.<ref>[https://realassets.ipe.com/news/macquarie-sells-german-terminal-operator-tanquid-to-sunoco-for-500m/10130345.article "Macquarie sells German terminal operator TanQuid to Sunoco for €500m"] ''IPE Real Assets''. Retrieved 2025-05-12.</ref> This infrastructure serves an important role in the European fuel distribution supply chain.<ref>[https://www.macquarie.com/au/en/about/news/2025/macquarie-asset-management-agrees-sale-of-tanquid-following-20-year-ownership.html "Macquarie Asset Management agrees sale of TanQuid following 20 year ownership"] Macquarie. Retrieved 2025-05-12.</ref>

On May 4, 2025, Sunoco LP and [[Parkland Corporation]], an international fuel distributor, marketer and convenience retailer, entered into a definitive agreement for Sunoco to acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion. The combined company will be the largest independent fuel distributor in the Americas.<ref>[https://www.reuters.com/markets/deals/sunoco-buy-parkland-9-billion-deal-2025-05-05/ "US fuel distributor Sunoco to buy Canada's Parkland for $9 billion"] ''Reuters''. Retrieved 2025-05-12.</ref>