Parkland Corporation and Sunoco LP Confirm Regulatory Milestone for Acquisition

Parkland Corporation and Sunoco LP Finalize Acquisition Process

On September 23, 2025, Parkland Corporation and Sunoco LP announced a significant development concerning their ongoing acquisition process. The end of the waiting period mandated by the Hart-Scott-Rodino Act of 1976 marks a critical regulatory achievement required for completing the intended acquisition. This deal is expected to be finalized in the fourth quarter of 2025, contingent on receiving additional regulatory approvals and satisfying routine closing conditions.

About Parkland Corporation

Parkland Corporation is a leading distributor of fuel and a retailer of convenience products, operating securely across 26 countries in the Americas. Their expansive retail network caters to the fuel and convenience needs of daily consumers. Additionally, Parkland supplies industrial fuels to businesses, ensuring they can execute projects efficiently while maximizing service to their customers.

One of Parkland’s focal points is reducing the environmental impact of their operations. They are engaged in producing and blending renewable fuels, providing ultra-fast electric vehicle charging, and offering a variety of carbon credit solutions and renewable energy options, including solar energy. With approximately 4,000 retail locations across Canada, the United States, and the Caribbean, Parkland is well-positioned for growth through optimized supply chain and distribution strategies.

Parkland's strategy revolves around two interconnected pillars: the Customer Advantage and Supply Advantage. The Customer Advantage aims to establish Parkland as the preferred choice for customers through exclusive brands, differentiated offerings, vast networks, competitive pricing, reliable service, and attractive loyalty programs. Conversely, the Supply Advantage focuses on delivering the lowest service costs among independent fuel traders by capitalizing on well-positioned assets, significant scale, and extensive supply and logistics capabilities. Underlying this strategy are Parkland's core values—safety, integrity, community engagement, and respect—anchored throughout the organization.

About Sunoco LP

Sunoco LP operates as a Master Limited Partnership and is a prominent player in the energy infrastructure and fuel distribution sector. With operations in over 40 U.S. states, Puerto Rico, Europe, and Mexico, Sunoco has a vast network comprising approximately 14,000 miles of pipelines and over 100 terminals. This essential infrastructure enhances the company’s fuel distribution operations, servicing around 7,400 Sunoco-branded and affiliated retail outlets, alongside various independent distributors and commercial clients. Energy Transfer LP owns the general partner of Sunoco.

Looking Forward

The announcement highlights expectations for the acquisition to proceed smoothly, although it acknowledges inherent risks and uncertainties associated with future projections. Such risks may cause actual outcomes to diverge significantly from the projected timeline for the acquisition's completion. Both Parkland and Sunoco emphasize their commitment to transparency, suggesting interested parties stay informed through investor relations channels and corporate communications.

Conclusion

As Parkland Corporation and Sunoco LP move closer to finalizing their acquisition, both companies maintain a strong focus on addressing environmental concerns while strengthening their operational frameworks. This partnership is positioned to enhance resource distribution across North America, supporting evolving consumer demands and expectations in the energy sector. With this development, both firms continue to pave the way for innovative fuel solutions integrated with sustainable practices, shaping the future of the energy landscape.