Sunoco Expanding U.S. Fuel Distribution Network by Acquiring Offen Petroleum in $600M Deal

Sunoco LP has reached a definitive agreement to acquire Offen Petroleum in an all-cash transaction valued at approximately $600 million, expanding Sunoco’s U.S. fuel distribution network.

Sunoco announced the deal Aug. 6, saying Offen distributes approximately 2.5 billion gallons of fuel annually to about 7,000 customers and more than 800 retail stations across the Midwest, Mountain West and Southwest. The transaction is expected to close during the fourth quarter of 2026, subject to regulatory approval.

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