Sunoco to Acquire Parkland in $9.1 Billion Deal

Parkland ( (TSE:PKI) ) has issued an announcement.

Sunoco LP has announced a definitive agreement to acquire Parkland Corporation in a transaction valued at approximately U.S.$9.1 billion. This acquisition is expected to create the largest independent fuel distributor in the Americas, offering significant financial benefits and operational synergies. The deal includes a 25% premium for Parkland shareholders and promises continued investment in Canadian operations, including maintaining the Calgary headquarters and investing in Parkland’s refinery. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.

Spark’s Take on TSE:PKI Stock

According to Spark, TipRanks’ AI Analyst, TSE:PKI is a Neutral.

Parkland earns a score of 68, reflecting solid operational cash flows and effective cost management. However, high leverage and valuation metrics, combined with challenges in the U.S. segment, temper the overall outlook. Strategic corporate events and board enhancements provide potential for future growth.

To see Spark’s full report on TSE:PKI stock, click here.

More about Parkland

Parkland Corporation is a company operating in the fuel distribution industry, primarily focusing on providing fuel and related services. The company has a significant market presence in Canada and is known for its innovative refinery operations that produce low-carbon fuels.

YTD Price Performance: 12.70%

Average Trading Volume: 1,054,415

Technical Sentiment Signal: Sell

Current Market Cap: C$6.33B

Learn more about PKI stock on TipRanks’ Stock Analysis page.