Sunoco LP has agreed to acquire fuel distributor Offen Petroleum in an all-cash deal valued at approximately US$600 million (AU$852.5 million).
The acquisition will significantly broaden Sunoco’s operational footprint across key US markets. Offen operates an extensive fuel distribution network that delivers approximately 2.5 billion gallons of fuel annually, supplying around 7,000 commercial clients and more than 800 retail service stations across the Midwest, Mountain West, and Southwest regions.
Sunoco stated that the transaction will be immediately accretive to financial performance, generating increased cash flow to support future distribution growth and capital reinvestment.
The company highlighted that Offen’s geographical operations closely complement Sunoco’s existing downstream distribution infrastructure, opening up further opportunities for organic expansion and future bolt-on acquisitions.
Subject to customary regulatory approvals, the transaction is anticipated to close in the fourth quarter of 2026.
Sunoco LP operates as a major energy infrastructure and fuel distribution master limited partnership with a commercial presence across 33 countries and territories spanning North America, the Greater Caribbean, and Europe.
The partnership’s midstream portfolio includes an extensive asset network comprising roughly 22,000 kilometres of pipeline and more than 170 bulk storage terminals.
Through this critical infrastructure, Sunoco currently distributes in excess of 15 billion gallons of fuel each year to approximately 11,000 Sunoco and partner-branded retail outlets, in addition to third-party independent dealers and commercial accounts. Sunoco’s general partner entity is owned by Texas-based energy infrastructure giant Energy Transfer LP.
The acquisition marks another significant step in Sunoco’s strategy to optimise its supply chain logistics while strengthening its market presence.
The deal reflects broader consolidation within the North American downstream energy sector as major fuel distributors seek scale across key regional networks.
