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Sunoco to acquire Offen Petroleum for $600M
PUBLIC · SUNAug 21, 2026•about 3 hours ago
Acquiring Company
Sunoco
Acquired Company
Offen Petroleum
DallasEnergyOil And Gas
Description
Sunoco has agreed to acquire Offen Petroleum for approximately $600 million. The transaction is expected to enhance Sunoco's distribution growth, geographic footprint, and opportunities for organic growth. The deal is subject to regulatory approval and is anticipated to close in the fourth quarter of 2026.
Company Information
Company
Sunoco
Location
Dallas, Texas, United States
About
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 in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets in the U.S. and Europe. SUN's general partner is owned by Energy Transfer LP.
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Frequently asked
Who acquired Offen Petroleum?
Offen Petroleum was acquired by Sunoco, based in Dallas. The deal was reported on August 21, 2026. Sunoco is publicly traded (SUN) and operates in Energy.
When did Sunoco acquire Offen Petroleum?
Sunoco's acquisition of Offen Petroleum was reported on August 21, 2026. Sunoco has agreed to acquire Offen Petroleum for approximately $600 million. The transaction is expected to enhance Sunoco's distribution growth, geographic footprint, and opportunities for organic growth. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Offen Petroleum do?
Offen has grown to be one of the largest fuel distributors in the Intermountain West region and has expanded its offerings to now include lubricants, DEF, and fuel-handling needs. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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DallasEnergyOil And Gas