Weil Advises Sunoco on $9.1B Acquisition of Parkland Corporation
In a major cross-border transaction, Weil, Gotshal & Manges LLP is advising Sunoco LP in its $9.1 billion acquisition of Parkland Corporation. The deal, structured as a cash and equity transaction, includes the assumption of Parkland’s existing debt and marks a significant expansion for Sunoco in the North American energy distribution sector. As part of the acquisition, Sunoco plans to form a new publicly traded Delaware limited liability company, SUNCorp, LLC, consolidating its expanded operations. The transaction is expected to close in the second half of 2025, subject to customary closing conditions, including regulatory approvals. The Weil team advising Sunoco is spearheaded by prominent M&A partners Michael J. Aiello, Sachin Kohli, and Michelle Sargent. The transaction team also includes M&A counsel Robert Sevalrud and associates Joe Diaz, Leah Soloff, and Katie Retzbach. Tax structuring is being led by Tax Department Chair Joseph Pari and International Tax Head Devon Bodoh, supported by associates Madeline Joerg and Grant Solomon. Executive Compensation & Benefits matters are being handled by Paul Wessel and associate Amanda Nowak. Antitrust aspects are overseen by partner Megan Granger and counsel Carla Hine and Marie-Marie de Fays. Advising on public company matters is partner Adé Heyliger, while Private Funds Regulatory partner David Wohl contributes on fund compliance and structure. This acquisition underscores a growing trend of consolidation in the energy and fuel distribution industry, as companies seek to optimize operations, scale their reach, and streamline supply chains. For Sunoco, acquiring Parkland’s broad retail and wholesale footprint across North America is expected to bolster long-term growth and market penetration. Weil’s role in the transaction highlights the firm’s continued leadership in high-value, complex M&A transactions across energy and infrastructure sectors.
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