Sunoco LP (SUN) completed the roughly-$1.9 billion acquisition of Susser Holdings Corp. (SHC) from ETP Holdco Corp. and Heritage Holdings Inc., Sunoco and parent company Energy Transfer Partners (ETP) said July 31. ETP Holdco and Heritage are subsidiaries of ETP.

SUN paid $966.9 million in cash and issued ETP's subsidiaries about 21.98 million units valued at about $966.9 million. Also, 11 million SUN units owned by SHC will be exchanged for another 11 million new SUN units to a subsidiary of ETP.

SHC's assets are mainly about 680 Stripes convenience stores selling motor fuel and merchandise in Texas, Oklahoma and New Mexico.

SUN will acquire new organic growth opportunities and third-party acquisition opportunities.

SHC will be owned by SUN's indirect wholly owned subsidiary, Susser Petroleum Property Co. LLC.