Sunoco LP is set to acquire NuStar Energy L.P. in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.
The deal comes two weeks after Sunoco sold over 200 Stripes convenience stores and Laredo Taco Company restaurants in the United States to 7-Eleven.
NuStar Energy is an independent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico.
