Parkland Corporation is set to be acquired by Sunoco in a transaction valued at approximately U.S.$9.1 billion, aiming to enhance operational efficiencies and drive growth in the evolving fuel distribution market.

Target Information

Parkland Corporation, a prominent international fuel distributor and convenience retailer, operates across 26 countries, providing essential fuel services and renewable energy solutions. With a retail network that supports customer needs and commercial operations that supply businesses, Parkland continues to enhance its market position through sustainable practices, innovative offerings, and strategic partnerships.

The company recently reported a strong financial performance for Q3 2025, achieving an Adjusted EBITDA of $540 million, an increase from $431 million in Q3 2024. This growth highlights the effectiveness of Parkland's diversified operations, particularly in its refining and international segments, which counterbalance the challenging conditions faced in its U.S. segment.

Industry Overview

The Canadian fuel distribution industry, within which Parkland primarily operates, is evolving rapidly due to fluctuations in commodity prices and increasing regulatory pressures on environmental standards. Companies are in