Sunoco LP is on track to hit its goal of making $500 million worth of bolt-on acquisitions this year, President and CEO Joseph Kim said during the company’s first-quarter earnings call on Tuesday.
Kim said that as of Tuesday, Suncoo has about $200 million worth of bolt-on acquisitions “that are either closed or signed are going to be closed in the very near future.”
The Dallas-based energy firm and convenience retailer revealed this multiyear growth initiative in January. Sunoco has become one of the most acquisitive companies in US convenience retail since buying Parkland Cop. for over $9 billion last year.
Full story Sunoco on track to hit $500M in acquisitions this year | C-Store Dive
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