Sunoco LP Completes the Acquisition of the
Wholesale Fuel Distribution and Terminalling
Business from Emerge Energy Services LP
DALLAS, Aug. 31, 2016 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today the completion of the
acquisition of the fuels business (the "Fuels Business") from Emerge Energy Services LP (NYSE: EMES) ("Emerge") for
$167.7 million, plus working capital adjustments. The Fuels Business comprises Arlington-based Direct Fuels LLC
and Birmingham-based Allied Energy Company LLC, both wholly owned subsidiaries of Emerge, and engages in the
processing of transmix and the distribution of refined fuels.
The Fuels Business includes two transmix processing plants with attached refined product terminals located in the
Birmingham, Alabama and greater Dallas, Texas metro areas. Combined, the plants can process over 10,000
barrels per day of transmix, and the associated terminals have over 800,000 barrels of storage capacity.
This transaction was funded using amounts available under Sunoco's revolving credit facility and is expected to be
immediately accretive to Sunoco with respect to distributable cash flow.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,340 retail fuel sites and
convenience stores (including APlus, Stripes, Aloha Island Mart and Tigermarket brands) and distributes motor fuel
to convenience stores, independent dealers, commercial customers and distributors located in more than 30 states
at approximately 6,900 sites. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) -- owns Sunoco's general partner
and incentive distribution rights.