Baker McKenzie has advised Sunoco LP on its acquisition of the TanQuid Group through a competitive auction process. The transaction is subject to regulatory approval.
“Leveraging our global and cross-practice team, we supported Sunoco in this strategically important transaction, strengthening their presence in the European fuel distribution supply chain and enhancing reach to a high-quality customer base,” said Christian Atzler, co-lead partner on the transaction. Holger Engelkamp, co-lead partner on the transaction and Co-Head of Baker McKenzie's German Energy & Infrastructure team, added: “The acquisition also reflects the importance of infrastructure assets in the energy sector, where reliable storage and distribution networks play a key role in ensuring supply chain continuity and efficiency.”
Sunoco LP is North America’s largest independent fuel distributor and a leading operator of critical energy infrastructure. Headquartered in Dallas, Texas, Sunoco LP supplies fuel to convenience stores, independent dealers, commercial customers, and wholesalers across more than 40 U.S. states, servicing approximately 10,000 locations. Sunoco has been a majority-owned subsidiary of Energy Transfer Partners, L.P. since 2012.
The TanQuid Group operates independent tank storage facilities across Central Europe, primarily serving the petrochemical industry. The company provides a comprehensive range of services, including storage and handling of products, strategic stockpiling, logistical engineering and consulting, and business management. The acquisition positions Sunoco to enhance its infrastructure capabilities and strengthen its foothold in the European energy market.
Baker McKenzie's German Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Georg Fischer AG on the acquisition of VAG Group, AURELIUS on the acquisition of Teijin Automotive Technologies, Centric Software on the acquisition of Contentserv Group, Fagron Group on the acquisition of Euro OTC & Audor Pharma GmbH, Terra One Climate Solutions on the Sale of Battery Energy Storage Systems, Berlin Packaging on the acquisition of RIXIUS AG, Instalco on the investment in FABRI AG, the main shareholder on its exit from Atlantic Hub, AURELIUS on the acquisition of What’s Cooking Savoury Division, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of Culligan's C&I business, Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing, Uniwater, a Swedish headquartered group within water infrastructure on the acquisition of four pipes and VINCI Energies on the acquisition of the Fernao Group.
Legal advisor to Sunoco:
Baker McKenzie
Lead:
Corporate/M&A: Christian Atzler (Partner, Frankfurt), Holger Engelkamp (Partner, Berlin)
Energy & Infrastructure: Dr. Claire Dietz-Polte (Partner, Berlin)
Team:
Corporate/M&A: Ben Boi Beetz (Senior Associate, Berlin), Denise Tayler (Senior Associate, Frankfurt), Nico Ruepp (Associate, Berlin), Stefanie Tesch (Senior Associate, Munich) Jan Neumann (Associate, Munich)
IP Tech: Patrick Wilkening (Partner, Düsseldorf), Anela Winzig (Associate, Frankfurt)
Public Law: Dr. Janet Kerstin Butler (Counsel, Berlin), Dr. Alexander Ehrle (Senior Associate, Berlin), Dr. Andreas (Senior Associate, Frankfurt), Caroline Walka (Associate, Berlin), Vanessa Wüstneck (Associate, Berlin)
Real Estate: Dr. Daniel Bork (Partner, Düsseldorf), Moritz Jander (Associate, Düsseldorf)
Regulatory: Dr. Katharina Weiner (Partner, Düsseldorf)
Tax: Thomas Gierath (Partner, Munich), Hans-Martin Eckstein (Senior Counsel, Frankfurt), Ariane Schaaf (Counsel, Frankfurt), Justus Eisenbeiss (Senior Associate, Frankfurt)
Antitrust & Trade: Dr. Nicolas Kredel (Partner, Düsseldorf), Jan Kresken (Partner, Düsseldorf), Dr. Florian Kotmann (Senior Associate, Düsseldorf), Dr. Lukas Greiner (Associate, Düsseldorf)
Employment: Dr. Christian Reichel (Partner, Frankfurt), Dr. Matthias Köhler (Partner, Berlin), Dr. Anna Verena Böhm (Counsel, Frankfurt), Dr. Sebastian Pfrang (Associate, Frankfurt), Dr. Adrian Schürgers (Associate, Berlin), Annika, Kißener (Associate, Frankfurt), Victoria Christians (Associate, Berlin)
Commercial & Trade: Dr. Philipp Schütt (Counsel, Düsseldorf)
Banking & Finance: Kathrin Marchant (Partner, Frankfurt), Esther Kapern (Associate, Frankfurt)
IT & Data Privacy: Yannick Filoda (Associate, Düsseldorf)
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