The wholesale fuels business sells approximately 200 million gal. of fuel per year through multiple channels. The three terminals have a combined 17 tanks with 429 000 bbls of storage capacity.
The acquisition is consistent with Sunoco's strategy of utilising its scale to grow the core fuel distribution business and adding fee-based refined product terminals into the overall portfolio. The acquisition is subject to customary closing conditions and is expected to close in April 2018. The transaction is expected to be immediately accretive to Sunoco with respect to distributable cash flow.
