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A $600 million deal will hand Sunoco control of Offen Petroleum, a Colorado-based fuel distributor that delivers roughly 2.5 billion gallons annually to more than 800 retail stations across the Midwest, Mountain West, and Southwest, the companies announced last week.
Sunoco expects the transaction to close in the fourth quarter of 2026.
The announcement came two days after Sunoco's second-quarter earnings call, where executives said strong first-half cash generation would allow the company to surpass the $500 million bolt-on acquisition budget it had set at the start of 2026.
What Sunoco is acquiring Sunoco said Offen's geographic footprint complements its existing distribution operations and creates additional opportunities for organic growth and further acquisitions.
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