Sunoco LP is a master limited partnership (MLP) that operates or franchises retail fuel sites and convenience stores. It also distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Its parent company is Energy Transfer Partners LP, which owns Sunoco's general partner and incentive distribution rights. The name Sunoco LP was launched at the end of 2014 after the company acquired Susser Petroleum Partners and the Stripes stores. 7-Eleven completed its acquisition of 1,030 Sunoco c-stores in January 2018. The deal also included the trademarks and intellectual property of the Laredo Taco Company to 7-Eleven. The 7-Eleven/Sunoco deal marks a shift in Sunoco’s attention and resources toward wholesale fuel distribution. In April 2018, Sunoco completed the conversion of its retail sites in several West Texas, Oklahoma and New Mexico markets to a single commission agent. With this conversion complete, Sunoco's transition out of the majority of its convenience-store operations in the continental United States is “effectively complete,” it said. Top 202 numbers do not reflect this move, because it occurred after the Dec. 31, 2017 cutoff.
Source: Convenience Digital Resource Library, Technomic. For benchmarking purposes, store counts are year-end 2017.
Photo courtesy of Generic Brand Productions.
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