Sunoco Buys Offen Petroleum for $600 Million
The all-cash deal adds a large fuel distributor and retail network to Sunoco's operations, with closing expected in the fourth quarter of 2026.
Updated on Nov. 6, 2026 in Oil and Gas
Court Square Capital Partners sold Offen Petroleum to Sunoco LP in an all-cash transaction valued at approximately $600 million. The deal extends Sunoco's geographic footprint and is subject to regulatory approvals.
Why it matters
The acquisition brings a fuel distributor with roughly 2.5 billion gallons of annual volume and about 800 retail stations into Sunoco's network. Its immediate accretion is expected to generate additional cash flow to support distribution growth and reinvestment.
The deal is valued at approximately $600 million in cash and covers about 2.5 billion gallons of fuel annually across roughly 800 U.S. retail stations serving about 7,000 customers. Sunoco's existing footprint spans 33 countries and territories, and the transaction's regulatory status and final terms remain pending.
The players
Sunoco LP
Sunoco LP is a publicly traded fuel distribution company operating across North America, Europe, and the Greater Caribbean.
Court Square Capital Partners
Court Square Capital Partners is a private equity firm that owned Offen Petroleum before selling it.
Dechert
Dechert is an international law firm that advised both the seller and the target company on the transaction.
The details
Offen Petroleum, owned by Court Square Capital Partners, is being acquired by Sunoco LP in an all-cash transaction. Dechert advised both Court Square Capital Partners and Offen Petroleum on the sale, with Eric Siegel leading the team.
Timeline
Closing is expected in the fourth quarter of 2026, subject to regulatory approvals.
Market Landscape
The sale fits a pattern in which private equity owners exit fuel distribution businesses into larger publicly traded operators seeking scale. Adding Offen's volume and retail network strengthens Sunoco's position in U.S. fuel distribution against its competitors.
For consumers who buy fuel at Offen-branded stations, the deal could eventually change the brands, pricing, or loyalty programs at those locations. Any near-term effect on pump prices or station operations has not been detailed in the announcement.
The takeaway
Acquisitions like this one can reshape which companies operate local fuel stations, so drivers may see changes to brands and programs over time. Watching regulatory filings ahead of the fourth-quarter closing will show whether the terms hold.
What happens next
The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals.
Further reading
Explore more Oil and Gas coverage on the industry's latest deals and operations.
Source note: This article includes information reported by International Comparative Legal Guides International Business Reports.
