Sunoco acquires Court Square-backed oil transporter Offen Petroleum for $600 million
Type: Acquisition · Technology: Oil Gas · Country: United States · Value: $600M · Announced: 2026-08-06
Sunoco agreed to acquire Offen Petroleum, a fuel distribution network operator, from Court Square Capital Partners for $600 million. The target company delivers approximately 2.5 billion gallons of fuel annually to around 7,000 customers across its network. Offen Petroleum's operations include a fuel distribution infrastructure serving retail, commercial, and industrial clients. The acquisition expands Sunoco's midstream energy footprint, adding scale to its existing fuel logistics and distribution assets. Court Square Capital Partners, a private equity firm, backed Offen Petroleum as part of its investment strategy in energy infrastructure. Financial advisors and legal counsel were involved in structuring the transaction, though specific advisory firms were not disclosed in the announcement.
Counterparties
- Sunoco (Buyer)
- Offen Petroleum (Seller)
- Court Square Capital Partners (Parent Company)
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