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Sunoco agrees to buy Emerge’s Fuels Business for $178.5m

Sunoco LP announced that it agreed to purchase Dallas, Texas-based Direct Fuels LLC and Birmingham, Alabama-based Allied Energy Company LLC from Emerge Energy Services LP for $178.5 million, according to a company release.



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Author: PetrolPlaza Correspondent Daniel Infante Tuaño

The two subsidiaries, which comprise Emerge Fuels Business, own two plants that can process more than 10,000 barrels per day of transmix and terminals that can store more than 800,000 barrels.

"This transaction is consistent with our strategy of expanding our business through the acquisition of assets that are both complementary to our core wholesale and retail network and that further diversify Sunoco's income stream," said Bob Owens, Sunoco's President and Chief Executive Officer.

Sunoco LP continues expanding its retail network with the acquisition completion of retail convenience store business serving the Upstate New York market from Valentine Stores, Inc. and Texas-based "Rattlers" retail convenience store assets and wholesale fuel business from Kolkhorst Petroleum, Inc. 

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