Sunoco LP (NYSE:SUN) executed a definitive agreement to acquire Peerless Oil & Chemicals, Inc. for $70 million on October 28, 2022. Transaction will be funded using amounts available under SUN's revolving credit facility. The transaction is expected to close in the fourth quarter. The Partnership expects the acquisition to be immediately accretive to unitholders. Lazard Ltd (NYSE:LAZ) acted as financial advisor to Peerless Oil & Chemicals, Inc.

Sunoco LP (NYSE:SUN) completed the acquisition of Peerless Oil & Chemicals, Inc. for $76 million on November 30, 2022. Sunoco paid $76 million as consideration where $9 million is net of cash acquired.