Sunoco LP is a master limited partnership (MLP) that operates or franchises retail fuel sites and convenience stores, and also distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors in more than 30 states at approximately 6,900 sites.
Its parent company is Energy Transfer Partners LP, which owns Sunoco's general partner and incentive distribution rights. In November 2016, Sunoco Logistics Partners LP acquired Energy Transfer Partners LP, which previously acquired all branches of Sunoco in 2012 for more than $5 billion. Philadelphia-based Sunoco Logistics Partners acquired Energy Transfer Partners, with the publicly traded Energy Transfer Equity remaining the overall parent business.
The company distributes fuel to all company-operated sites, as well as to independent operators and affiliate-operated locations throughout the East Coast, Midwest and Southeast regions of the United States, as well as company operated sites in Texas. Its portfolio includes the Stripes stores, company-operated and franchised APlus stores, Honolulu-based Aloha Petroleum Ltd. and its gas stations and c-stores. The company has said it will continue to operate under three brands: Stripes, Aloha and APlus.
Sunoco’s strategic points of differentiation include the Stripes brand’s Laredo Taco Company concept, which features made-to-order tacos and other Mexican and Southwest fare. Sunoco has been expanding Laredo Taco Company’s store count since Stripes joined the company portfolio.
Source: Convenience Digital Resource Library, Technomic