DALLAS–Energy Transfer Partners has purchased the Susser Holdings Corp. in a deal valued at $1.8 billion. The deal, which was announced Monday morning by executives of both ETP and Susser, will give ETP 11 million SUSP common units as well as the company’s retail portfolio, which consists of 630 convenience store locations.

The combination will significantly increase ETP’s portfolio, moving it west of the Mississippi River and giving it a very strong presence in Texas. ETP owns the Sunoco brand. Corpus Cristi, TX-based Susser owns the Stripes brand, which includes 630 company operated locations, 90 dealer operated sites and 526 dealer and distributor operated locations. This merger will add 1,246 sites to Sunoco’s 5,152 locations.

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