Sunoco LP is a master limited partnership that operates or franchises retail fuel sites and c-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 its Stripes stores. 7-Eleven Inc. completed its acquisition of 1,030 Sunoco and Stripes c-stores in January 2018. The deal also included the trademarks and intellectual property of the Laredo Taco Co. to 7-Eleven.The 7-Eleven-Sunoco deal marked 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 c-store operations in the continental United States is "effectively complete," it said, although it did retain some retail sites in New Jersey, as well as the Aloha Petroleum c-stores in Hawaii that it acquired in 2014.
For benchmarking purposes, store counts are as of Jan. 1, 2021.
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