Sunoco’s Big Move: What Parkland's Acquisition Means for Calgary
Calgary’s business landscape just saw a major shake-up! Local fuel and convenience giant, Parkland Corporation, officially became part of Sunoco LP on October 31, 2025. This significant acquisition means big changes are coming for the Calgary-based company and its shareholders. The deal was notably one of the largest acquisitions involving a Calgary company in the second quarter of 2025, reflecting the city's dynamic energy sector and ongoing merger and acquisition activity.
Parkland’s shares are set to be delisted from the Toronto Stock Exchange at market close on November 4, 2025. For current Parkland shareholders, this means a transition to Common Units of SunocoCorp LLC. These new units are expected to begin trading on the New York Stock Exchange under the ticker symbol "SUNC" on November 6, 2025, following the settlement of Parkland shares and completion of the allocation process.
This move comes as Calgary’s economy is projected to outpace national growth, with a strong energy sector and rising population driving investment. Given Parkland’s extensive retail presence, local consumers will be watching closely, especially with ongoing public discussions in Alberta about fuel prices and the role of retailers in the market. Keep an eye out as Sunoco makes its mark on our city! For further details, visit www.sunocolp.com.
