Sunoco Completes Acquisition of Emerge Energy Fuels Biz

DALLAS — Put another acquisition in the books. Sunoco LP has closed on its $167.7-million purchase of Emerge Energy Services LP's fuel business. 

The fuels business comprises Arlington, Texas-based Direct Fuels LLC and Birmingham, Ala.-based Allied Energy Co. LLC, both wholly owned subsidiaries of Emerge. 

The business, which engages in the processing of transmix and the distribution of refined fuels, includes two transmix processing plants with attached refined product terminals located in the Birmingham and greater Dallas metro areas. 

Combined, the plants can process more than 10,000 barrels per day of transmix, and the associated terminals have more than 800,000 barrels of storage capacity.

This transaction was funded using amounts available under Sunoco's revolving credit facility and is expected to be immediately accretive to Sunoco with respect to distributable cash flow.

Sunoco LP is a master limited partnership that operates approximately 1,340 retail fuel sites and convenience stores including the APlus, Stripes, Aloha Island Mart and Tigermarket brands. It also distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in more than 30 states at approximately 6,900 sites. 

Dallas-based Energy Transfer Equity LP owns Sunoco's general partner and incentive distribution rights.