Sunoco LP Completes Acquisition of European Liquid Fuels Terminals from Zenith Energy and Divestiture of West Texas Assets
Acquiring Company
Sunoco
Acquired Company
Zenith Energy
DallasHoustonEnergyOil And GasEnergyOil And GasRenewable EnergyDescription
Sunoco LP has completed the acquisition of liquid fuels terminals from Zenith Energy and the divestiture of 204 convenience stores to 7-Eleven, Inc. Both transactions were completed at highly attractive multiples and are immediately accretive to unitholders. These acquisitions and divestitures are expected to support the Partnership's ongoing commitment to add stable midstream income and optimize its portfolio.
Quick answer
Sunoco is acquiring Zenith Energy, announced April 17, 2024. Sunoco is based in Dallas, Texas, United States.
- How much did Sunoco pay for Zenith Energy?
- The deal value was not disclosed.
- What does Sunoco do?
- Sunoco LP is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors located..
- Where are Sunoco and Zenith Energy based?
- Sunoco is based in Dallas, Texas, United States. Zenith Energy is based in Houston, Texas, United States.
- Who are the decision-makers at Sunoco?
- Fundz holds 1 contact at Sunoco. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Zenith Energy?
Zenith Energy was acquired by Sunoco, based in Dallas. The deal was reported on April 17, 2024. Sunoco is publicly traded (SUN) and operates in Energy.
When did Sunoco acquire Zenith Energy?
Sunoco's acquisition of Zenith Energy was reported on April 17, 2024. Sunoco LP has completed the acquisition of liquid fuels terminals from Zenith Energy and the divestiture of 204 convenience stores to 7-Eleven, Inc. Both transactions were completed at highly attractive multiples and are immediately accretive to unitholders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Zenith Energy do?
Zenith Energy U.S. is a midstream asset operator buying and building terminals in the North America, which include the storage and logistics for crude oil, refined products, petrochemicals and all types of dry-bulk commodities. It is privately held, operating in Energy, and is based in Houston.
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