Barbara L. Becker
In a marriage of convenience, Sunoco owner Energy Transfer Partners is acquiring gas station owner Susser Holdings for $1.8 billion in cash and units. Gibson, Dunn & Crutcher partner and co-chair of the M&A group, Barbara L. Becker, served on the team that advised Susser Holdings.
The merger will bring together ETP’s approximately 4,900 Sunoco retail outlets and nearly 400 APlus convenience stores and Susser’s 630 retail convenience stores that sell gasoline. According to ETP, the acquisition is part of a long-term plan to build a stand-alone diversified retail business.