
1001-5000 employees
Sunoco LP (NYSE: SUN) is a growth-oriented master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. SUN also operates more than 100 convenience stores and retail fuel sites. Sunoco LP is majority owned and managed by Energy Transfer Partners, L. P. (NYSE: ETP), which also owns Sunoco Inc. and Stripes LLC. ETP has indicated it plans to bring Sunoco Inc. and Stripes LLC together under Sunoco LP (formerly Susser Petroleum Partners LP) through a series of asset dropdowns from ETP to SUN. Sunoco Inc. markets motor fuels through more than 4,900 Sunoco-branded locations in 26 states mainly east of the Mississippi, from Maine to Florida and west to Wisconsin and Louisiana. This includes more than 430 company-operated locations, along with over 4,000 independently owned and operated dealers and distributors. Sunoco Inc. also has more than 650 APlus branded convenience stores which are company-operated and operated by third-party dealers. Sunoco Inc. markets more than 4.7 billion gallons of fuel a year. It is the world's largest manufacturer and marketer of race fuels and is the official fuel of NASCAR and an Indy Car sponsor. Stripes LLC currently operates over 645 stores in Texas, New Mexico and Oklahoma under the Stripes® and Sac-N-Pac™ brands. Restaurant service is available in more than 415 of its stores, primarily under the proprietary Laredo Taco Company® brand, which serves hot, freshly made Mexican food. Stripes LLC sells more than $1 billion of merchandise annually. The partnership plans to leverage the strength of Sunoco Inc.'s 125-year-old fuel brand and its expertise in motor fuel supply, trading and marketing with Stripes' popular retail brand, merchandising expertise and attractive geographic position in the high-growth Texas market.
3 months ago
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