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Sunoco completes $9.1B acquisition of Parkland, gaining its global fuel brands and Burnaby Refinery.
Sunoco LP has completed its $9.1 billion cash-and-stock acquisition of Parkland Corp., finalizing the deal announced in May 2025.
The transaction, which includes assumed debt, closes on November 1, 2025, with Parkland shares delisted from the Toronto Stock Exchange by November 4.
Parkland shareholders will receive SunocoCorp LLC common units, beginning trading on the New York Stock Exchange on November 6 under the ticker SUNC.
Parkland operates major fuel brands like Ultramar, Chevron, and Pioneer across 26 countries and owns the Burnaby Refinery in British Columbia, a key supplier of gasoline and jet fuel to the region.
The acquisition marks a major shift in North America’s fuel retail and refining industry.
Sunoco completa la adquisición de Parkland por $9.1B, ganando sus marcas globales de combustible y la refinería de Burnaby.