Sunoco LP Completes Acquisition of Aloha Petroleum
HOUSTON, Dec. 17, 2014 /PRNewswire/ -- Sunoco LP (NYSE: SUN) announced today that it has completed the
previously announced acquisition of Honolulu, Hawaii-based Aloha Petroleum, Ltd.
Aloha Petroleum is the largest independent gasoline marketer and one of the largest convenience store operators
in Hawaii, with an extensive wholesale fuel distribution network and six fuel storage terminals on the islands. Aloha
currently markets through approximately 100 Shell, Aloha, and Mahalo branded fuel stations throughout the state,
about half of which are company operated. The Aloha acquisition extends Sunoco LP's business into one of the
fastest-growing markets in the U.S. and expands its capabilities into refined products terminals.
Total purchase price was approximately $240 million, subject to a post-closing earn-out, certain closing adjustments
and before transaction costs and expenses.
About Sunoco LP
Sunoco LP is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores,
independent dealers, commercial customers and distributors. SUN also operates more than 100 convenience
stores and retail fuel sites. SUN's general partner is a wholly owned subsidiary of ETP. While primarily engaged in
natural gas, natural gas liquids, crude oil and refined products transportation, ETP also operates a retail business