(Reuters) -Sunoco LP ( SUN ) said on Monday it would buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt, in a move that would create the largest independent fuel distributor in the Americas.

Under the terms of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco ( SUN ) units for each Parkland share.

The deal is expected to close in the second half of 2025

Sunoco ( SUN ), which operates in wholesale fuel distribution and retail convenience, said the deal is expected to be immediately accretive and generate more than $250 million in run-rate synergies by the third year.

(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)