Sunoco LP (NYSE:SUN) acquired wholesale fuel distribution business from Schmitt Sales Inc. for $45 million on December 18, 2018. The consideration is approximately $46 million inclusive of working capital adjustments. In a related transaction, Sunoco executed a definitive agreement to acquire certain convenience store locations from Speedway LLC. Sunoco also executed a definitive agreement to sell ethanol plant in Fulton to Attis Industries Inc. (NASDAQ: ATIS) for $20 million. The combined purchase price for the acquisitions was $50 million plus working capital adjustments. Sunoco will fund the transactions with cash on hand and amounts available under its revolving credit facility, while continuing to maintain its targeted leverage ratio. These transactions are expected to be accretive to Sunoco with respect to distributable cash flow in the first year. Sunoco LP (NYSE:SUN) completed the acquisition of wholesale fuel distribution business from Schmitt Sales Inc. on December 18, 2018.