Sunoco to acquire Offen Petroleum in $600 million deal
Acquisition will add 2.5 billion gallons in annual fuel volumes, expanding Sunoco’s distribution footprint across the Midwest, Mountain West and Southwest U.S.
Sunoco LP has entered into a definitive agreement to acquire fuel distributor Offen Petroleum in an all-cash transaction valued at approximately $600 million, strengthening its position in the U.S. fuel distribution market.
Offen Petroleum distributes around 2.5 billion gallons of fuel annually through a network serving approximately 7,000 customers and more than 800 retail fuel stations across the Midwest, Mountain West and Southwest regions of the United States.
Sunoco said the acquisition will expand its geographic reach and complement its existing fuel distribution operations, while creating additional opportunities for organic growth and future acquisitions.
The company expects the transaction to be immediately accretive and contribute additional cash flow to support both distribution growth and reinvestment initiatives.
Following completion of the transaction, Offen’s business will be integrated into Sunoco’s broader distribution platform, which currently supplies more than 15 billion gallons of fuel annually to approximately 11,000 Sunoco- and partner-branded locations, as well as independent dealers and commercial customers.
The acquisition further expands Sunoco’s presence across key U.S. markets and aligns with the partnership’s strategy of growing its fuel distribution business through both acquisitions and organic investment.
