Sunoco has now acquired two transmix processing plants that currently process over 10,000 barrels per day of transmix.
On Aug. 31,2016, Sunoco LP announced that the company had completed the acquisition of Emerge Energy Services LP’s fuels business.
The acquisition was completed for a total of $167.7 million, plus working capital adjustments. The Fuels Business comprises Arlington-based Direct Fuels LLC and Birmingham-based Allied Energy Co. LLC, both wholly owned subsidiaries of Emerge, and engages in the processing of transmix and the distribution of refined fuels.
The Fuels Business includes two transmix processing plants with attached refined product terminals located in the Birmingham, Ala. and greater Dallas metro areas. Combined, the plants can process over 10,000 barrels per day of transmix, and the associated terminals have over 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.