Sunoco LP Completes Acquisition of New York-based
Convenience Store Business
DALLAS, June 22, 2016 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today that one of its wholly
owned subsidiaries completed the acquisition of a retail convenience store business serving the Upstate New York
market from Valentine Stores, Inc. This acquisition includes 18 company-operated locations which sell
approximately 20 million gallons of fuel annually and one standalone Tim Hortons restaurant. As part of the
transaction, Sunoco's subsidiary acquired a total of 19 fee properties, one leased property, and three raw tracts of
land for future store development. This acquisition strengthens Sunoco's existing convenience store business in
the Upstate New York market.
The purchase price for this transaction was $76.4 million and was funded using amounts available under Sunoco's
revolving credit facility. This transaction 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 1,300 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 30 states at
approximately 6,800 sites. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) -- owns Sunoco's general partner
and incentive distribution rights. For more information, visit the Sunoco LP website at
Cautionary Statement Relevant to Forward-Looking Information
This press release includes forward-looking statements regarding future events. These forward-looking statements
are based on Sunoco's current plans and expectations and involve a numbers of risks and uncertainties that could
cause actual results and events to vary materially from the results and events anticipated or implied by such
forward-looking statements. For a further discussion of these risks and uncertainties, please refer to the "Risk
Factors" section of Sunoco's most recently filed annual report on Form 10-K and in other filings made by Sunoco
with the Securities and Exchange Commission. While Sunoco may elect to update these forward-looking statements
at some point in the future, it specifically disclaims any obligation to do so, even if new information becomes
Investor Contacts
Sunoco LP:
Scott Grischow
Senior Director – Investor Relations and Treasury
(469) 646-1188,
Patrick Graham
Senior Analyst – Investor Relations and Finance
(610) 833-3776,
Anne Pearson
Dennard-Lascar Associates
(210) 408-6321,
Media Contact
Sunoco LP:
Jeff Shields
Communications Manager
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