Offen sells to Sunoco in $600 Million deal

Sunoco LP in the US, has agreed to acquire Offen Petroleum in an approximately $600 million all-cash transaction that remains subject to regulatory approval.

Offen’s 2.5-billion-gallon network exceeds the more than 1 billion gallons it attributes to company-operated logistics, although the figures may use different periods, products or scopes; public sources do not show that Offen’s own fleet hauls every gallon.

The consequential asset is not merely Offen’s 800-plus retail stations. Offen runs a federally registered carrier operation moving gasoline, diesel, propane, lubricants and diesel exhaust fluid. The public evidence confirms a substantial delivery platform.

Full story Sunoco Offen Acquisition: Inside the $600M Fuel Network Deal