#Canada #Calgary #Energy Sector #Parkland Corporation #Sunoco LP

Parkland Corporation Finalizes Acquisition by Sunoco LP

On November 4, 2025, Parkland Corporation (TSX: PKI) announced that Sunoco LP completed the acquisition of Parkland on October 31, 2025. This transaction marks a fundamental shift within the energy sector and underscores the ongoing consolidation trend in the industry.

What Does This Acquisition Mean?

The successful conclusion of the acquisition signifies not only a pivotal moment for Parkland's stakeholders but also highlights Sunoco's strategic growth objectives. As a leading energy infrastructure and fuel distribution company, Sunoco LP operates across 32 countries and territories in North America, the Caribbean, and Europe, with an extensive operational network.

Key Details of the Transaction

• - After the acquisition, Parkland's shares are expected to be delisted from the Toronto Stock Exchange (TSE) following the market's close on November 4, 2025. Until this point, the shares will continue to trade on the TSE.
• - Shareholders of Parkland will begin receiving units of SunocoCorp LLC (SUNC) on November 6, 2025, which will be listed on the New York Stock Exchange under the ticker 'SUNC'.
• - Parkland shareholders will have options to receive a combination of cash and units in SunocoCorp as part of the acquisition structure. These options may include C$44.00 cash per Parkland share, approximately 0.536 common units of SunocoCorp, or a combination of cash and units, contingent upon certain elections and adjustments outlined in the acquisition plan.

The Role of Sunoco and SunocoCorp

Sunoco LP, as the parent company, has established itself as a formidable player in the energy market, managing an extensive network of roughly 14,000 miles of pipeline and over 160 terminals. It distributes more than 15 billion gallons of fuel annually to a substantial retailer network and commercial clients. SunocoCorp, a publicly traded entity, offers limited partnership interests in Sunoco LP, further entrenching Sunoco’s ambitious market strategy.

Future Outlook

Looking ahead, the acquisition is poised to generate significant synergies and bolster Sunoco’s market presence. The transaction reflects broader market trends aimed at increasing operational efficiencies and expanding geographic reach. The expectation is for Sunoco to leverage Parkland's existing operations to enhance its service offerings and potentially even explore new markets.

Forward-Looking Statements

It is important to note that certain forward-looking statements included in the release discuss anticipated future events or conditions that may influence company operations. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those projected.

Conclusion

The acquisition of Parkland by Sunoco marks a crucial milestone in the energy sector, showcasing ongoing trends of consolidation within the market. Stakeholders are encouraged to stay informed as developments unfold, particularly concerning the transition of Parkland shares and the market debut of SunocoCorp units.

For further information, investors and interested parties can refer to the official websites of Sunoco and Parkland or access updates through their investor relations communications.