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Fortune
Fortune
Jordan Blum

Sunoco buying Parkland for $9 billion to create largest retail fueling and convenience store giant in the Americas

Parkland Sunoco Kyffin Simpson Americas Canada
A Sunoco checkered flag is waved at a Nascar race at Texas Motor Speedway.

Sunoco will buy embattled Parkland in a $9.1 billion consolidation of two of the biggest fueling and convenience store powers across the Americas, creating a network of more than 11,000 fueling stations.

Sunoco is acquiring Calgary-based Parkland in the cash-and-stock deal immediately after Parkland lost a dramatic proxy fight to activist billionaire Kyffin Simpson of Simpson Motorsport fame.

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