Parkland Company And Sunoco LP Obtain Funding Canada Act Approval

CALGARY, AB, Oct 14, 2025 /PRNewswire-HISPANIC PR WIRE/ — Parkland Company (“Parkland”) (TSX: PKI) and Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) right now introduced that the Authorities of Canada has permitted the beforehand introduced proposed acquisition of Parkland by Sunoco (the “Transaction”), in accordance with the phrases of the Funding Canada Act.

The Transaction is anticipated to shut within the fourth quarter of 2025, topic to acquiring sure remaining regulatory approvals and the satisfaction or waiver of customary closing situations.

About Parkland Company

Parkland is a number one worldwide gas distributor, marketer, and comfort retailer with secure and dependable operations in twenty-six international locations throughout the Americas. Parkland’s retail community meets the gas, and comfort wants of on a regular basis customers. Parkland’s business operations present companies with gas to function, full tasks and higher serve their clients. Along with assembly its clients’ wants for important fuels, Parkland offers a variety of selections to assist them decrease their environmental influence, together with manufacturing and mixing renewable fuels, ultra-fast EV charging, a wide range of options for carbon credit and renewables, and solar energy. With roughly 4,000 retail and business areas throughout Canada, the US, and the Caribbean area, Parkland has developed provide, distribution, and buying and selling capabilities to speed up progress and enterprise efficiency.

Parkland’s technique is concentrated on two interconnected pillars: its Buyer Benefit and its Provide Benefit. By means of its Buyer Benefit, Parkland goals to be the primary alternative of its clients via its proprietary manufacturers, differentiated provides, in depth community, aggressive pricing, dependable service, and compelling loyalty program. Parkland’s Provide Benefit relies on attaining the bottom price to serve amongst unbiased gas entrepreneurs and distributors within the hard-to-serve markets through which it operates, via its well-positioned belongings, vital scale, and deep provide and logistics capabilities. Parkland’s enterprise is underpinned by our folks and our values of security, integrity, group, and respect, that are embedded throughout its group.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a number one power infrastructure and gas distribution grasp restricted partnership working in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership’s midstream operations embrace an intensive community of roughly 14,000 miles of pipeline and over 100 terminals. This crucial infrastructure enhances the Partnership’s gas distribution operations, which serve roughly 7,400 Sunoco and associate branded areas and extra unbiased sellers and business clients. SUN’s basic associate is owned by Vitality Switch LP (NYSE: ET).

Ahead-Wanting Statements

Sure statements contained herein represent forward-looking info and statements (collectively, “ahead trying statements”). When used on this information launch, the phrase “count on”, “topic to” and comparable expressions are meant to establish forward-looking statements. Specifically, this information launch comprises forward-looking statements with respect to, amongst different issues, the completion of the Transaction and the timing thereof.

These statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. No assurance might be on condition that these expectations will show to be appropriate and such forward-looking statements shouldn’t be unduly relied upon. These forward-looking statements communicate solely as of the date hereof. Neither Parkland nor Sunoco undertakes any obligation to publicly replace or revise any forward-looking statements besides as required by securities legal guidelines. Precise outcomes may differ materially from these anticipated in these forward-looking statements on account of quite a few dangers, assumptions and uncertainties together with, however not restricted to: basic financial, regulatory, market and enterprise situations; the completion of the Transaction on the anticipated phrases and timing, or in any respect, together with acquiring sure remaining regulatory approvals and the satisfaction or waiver of customary closing situations; actions by individuals or others; the chance that disruptions from the Transaction will hurt Sunoco’s or Parkland’s enterprise, together with present plans and operations and that administration’s time and a spotlight shall be diverted on Transaction-related points; potential antagonistic reactions or modifications to enterprise relationships, together with with workers, suppliers, clients, rivals or credit standing businesses, ensuing from the Transaction; the potential for modification or adjustment of the association settlement governing the phrases of the Transaction; potential enterprise uncertainty, together with the result of business negotiations and modifications to current enterprise relationships through the pendency of the Transaction that might have an effect on Sunoco’s and/or Parkland’s monetary efficiency and working outcomes; and sure restrictions through the pendency of the Transaction that will influence Parkland’s skill to pursue sure enterprise alternatives or strategic transactions or in any other case function its enterprise. See additionally the dangers and uncertainties described (i) below the headings “Cautionary Assertion Relating to Ahead-Wanting Data” and “Threat Elements” in Parkland’s present Annual Data Kind dated March 5, 2025, below the headings “Ahead-Wanting Data” and “Threat Elements” within the Q2 Administration’s Dialogue and Evaluation dated August 5, 2025, and below the heading “Threat Elements” in Parkland’s administration info round and proxy assertion dated Could 26, 2025, every as filed on SEDAR+ and accessible on Parkland’s web site at www.parkland.ca, (ii) in Merchandise 1A of Sunoco’s Annual Report on Kind 10-Okay filed with the U.S. Securities and Change Fee (“SEC”) on February 14, 2025 and in Merchandise 1A of Sunoco’s Quarterly Stories on Kind 10-Q, filed with the SEC on Could 8, 2025 and August 7, 2025.

The forward-looking statements contained herein are expressly certified by this cautionary assertion.

For Additional Data : Investor Inquiries, 1-855-355-1051, [email protected]