Sunoco Acquires Wholesale Assets from Alexander Oil Co.

The deal adds over 90 million gallons in annual wholesale fuel volume and strengthens Sunoco’s dealer supply presence across central Texas.

Sunoco has completed its acquisition of Alexander Oil Co.’s (AOC) dealer, wholesale fuel supply and transportation rolling stock assets, according to a statement from Corner Capital Advisors, which served as AOC’s exclusive financial advisor.

The transaction, which closed in December 2025, includes AOC’s branded and unbranded dealer wholesale accounts, representing more than 90 million gallons annually. AOC has retained ownership of its commercial fuels and lubricants business, including its bulk plants and cardlocks.

Founded in 1972, AOC grew from a modest regional supplier into a leading independent wholesale fuel and lubricants distributor in central Texas. Over its more than five decades in operation, AOC built a full-service platform serving retail, commercial, farm and fleet customers, with branded supply relationships with Valero, Motiva, and Sunoco.

“Alexander Oil is one of the most respected family-owned distributors in Texas, with deep customer relationships and a long history of operational excellence,” said Carl Ray Polk, Jr., managing partner, Corner Capital. “It has been our privilege to work alongside the Alexander family throughout this transaction, and we are grateful for the opportunity to partner with Jay and Jud.”

“Our family has been committed to serving our customers across Texas for more than five decades, and we are confident Sunoco will continue that legacy of dependable service,” said owners Jay Alexander and Jud Alexander. “We are grateful to our employees and customers for their loyalty over the years and look forward to seeing these operations transition smoothly under Sunoco’s leadership. We also want to recognize Corner Capital, whose steady guidance, industry expertise and hands-on support were instrumental in helping us navigate this transition.”

The move from Sunoco comes as the company continues to build out its store network through acquisitions. In January, Sunoco inked an industry-shifting deal to acquire 36 c-stores from Pops Mart Fuel, a chain of 54 stores located in North Carolina, South Carolina and Wisconsin.

Pops Mart CEO Don Draughon noted at the time that the synergies between the two companies was too compelling to pass up.

Then in February, Sunoco acquired Jernigan Oil Co.’s convenience retail division, encompassing 56 locations across North Carolina and Virginia.

Jernigan is headquartered in Ahoskie, N.C., and operates a diversified business that includes convenience retail, propane distribution, commercial fuels, fuels transportation and marina operations. The company used the proceeds from the sale of its convenience retail division to reinvest and grow its other businesses,