Deal Detail

Susser Holdings Corporation to Energy Transfer Partners, L.P.

EV / LTM EBITDA

EV / LTM Sales

Enterprise Value

Primary Source

BofA

Comparable Transactions

No other Fuel & Convenience Stores transactions in the five years to April 2014.

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	SUSS FO	BofA	2014	-	-	-	-	Subject of SUSS FO. Valued sum-of-the-parts: the retail business (LTM EBITDA approximately $130m) plus Susser's 50.2% stake in Susser Petroleum Partners marked at market. The DEFM14A discloses no consolidated enterprise value and no deal-level EV/LTM EBITDA -- BofA expressed every analysis as an implied per-share equity value -- so this deal carries no transaction multiple. The range shown is BofA's applied LTM EBITDA range from its selected precedent transactions analysis.	Open