Sunoco LP completed its acquisition of Parkland Corporation on 2025-10-31, according to the Form 8-K Sunoco LP filed with the SEC on 2025-11-03. The filing states a price of $3.5 million.
| Acquirer | Sunoco LP |
|---|---|
| Acquired | Parkland Corporation |
| Completed | 2025-10-31 |
| Price stated in the filing | $3.5 million |
| Reported by | Sunoco LP (SUN), the buyer |
| Filing | Form 8-K, filed 2025-11-03 |
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What the filing says
On October 31, 2025, Sunoco LP, a Delaware limited partnership (" Sunoco "), completed the previously announced acquisition of Parkland Corporation, an Alberta Corporation (" Parkland "), contemplated by the Arrangement Agreement, dated as of May 4, 2025, by and among Sunoco, SunocoCorp LLC, a Delaware limited liability company (" SunocoCorp "), Parkland, and 2709716 Alberta ULC, an Alberta unlimited liability corporation (as amended on May 26, 2025 and October 10, 2025, the " Arrangement Agreement ").
The price, in the filing's words
After giving effect to the elections made by the Parkland shareholders and the maximum amounts and pro-rationing set forth in the Plan of Arrangement, the aggregate consideration payable to Parkland shareholders in connection with the consummation of the Arrangement, consists of approximately CAD$3.458 million in cash and approximately 51.5 million SunocoCorp Common Units.
More from the filing
In accordance with the Arrangement Agreement and pursuant to the Plan of Arrangement attached thereto (the " Plan of Arrangement "), Sunoco acquired all of the issued and outstanding common shares of Parkland (the " Parkland Shares ") by way of a court-approved plan of arrangement under Section 193 of the Business Corporations Act (Canada) (the " Arrangement ") and Parkland became an indirect, wholly owned subsidiary of Sunoco.
Pursuant to the Arrangement, after taking into account the elections made by Parkland shareholders and the proration, maximum amounts and adjustments set forth in the Plan of Arrangement, each holder of Parkland Shares became entitled to receive as consideration for each Parkland Share held immediately prior to the effective time of the Arrangement (the " Effective Time "), and in accordance with the Plan of Arrangement: with respect to each Parkland shareholder electing to receive a mix of cash and units (or who did not make an election or was otherwise deemed to have elected to receive a mix
In connection with the consummation of the Arrangement, Sunoco issued to SunocoCorp a number of limited partnership interests in Sunoco (the " Sunoco Class D Units ") equal to the number of SunocoCorp Common Units issued pursuant to the Arrangement.
Quoted from Sunoco LP's Form 8-K.
This is the only completed acquisition Sunoco LP reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.