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Acquiring Company
Sunoco
Acquired Company
Jernigan Oil Company
Description
Sunoco has announced the acquisition of Jernigan Oil Company and its 56 Duck-Thru locations. This deal represents one of the largest c-store transactions of the year. Sunoco's aggressive acquisition strategy continues as they consolidate their market presence. The acquisition aligns with the growing trend of national consolidators in the convenience store industry.
Related People
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed