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September 11, 2009 (FinancialWire) -- Sunoco Logistics Partners L.P. (NYSE: SXL | Quote | Chart | News | PowerRating) has completed the acquisition of Excel Pipeline LLC, the owner of the 52-mile crude oil Excel pipeline, from affiliates of Gary-Williams Energy Corp.
The Excel Pipeline system originates in Duncan, Oklahoma and delivers crude oil to Gary-Williams' Wynnewood, Oklahoma refinery. Sunoco Logistics has operated the pipeline for Gary-Williams since 2007.
In connection with the transaction, Gary-Williams has entered into a 20-year throughput and deficiency agreement. Sunoco Logistics said is expects that the transaction will be immediately accretive.
Philadelphia-based Sunoco Logistics Partners was formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities.
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