Expansion through partnerships Sunoco LP has been actively engaging in partnerships with companies like West Indies Petroleum Limited, AtoB Inc., and Energy Transfer LP, presenting opportunities for cross-selling their extensive network of pipeline and terminals to new markets.
Diversification strategy The recent acquisitions of Nustar Energy's fuel storage and pipeline assets and eight refined products terminals from NuStar Energy, totaling over $7.55 billion, highlight Sunoco's commitment to diversifying its offerings which could open up new revenue streams for sales teams.
Strategic investments With investments amounting to millions, like the $250 million in acquiring refined products terminals and $7.3 billion for Nustar Energy, Sunoco LP is positioning itself to capitalize on the energy infrastructure market, presenting significant sales opportunities for expansion.
High-profile board appointments The addition of industry leaders like Brad Barron, NuStar's Chairman, President, and CEO, to Sunoco's board of directors brings substantial industry expertise and networking opportunities that can enhance business development and sales strategies.
Network advantage and scale Sunoco LP leverages its extensive network of over 14,000 miles of pipeline and 100 terminals across multiple regions to cater to approximately 7,400 branded locations, offering a robust infrastructure that sales teams can utilize to foster partnerships and drive revenue growth.