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The Susser family's gasoline business began when Minna Schwartz won the heart of an entrepreneur. In 1938 her husband, Sam Susser, took over operation of two service stations in Corpus Christi, Texas that Minna had inherited, and they began selling fuel to local companies.
The business has flourished, and today, Susser is the largest non-refiner fuel distributor in Texas, supplying fuel to more than 2,400 convenience stores, service stations and commercial fuel customers in Texas, Oklahoma and Louisiana.
Sam and Minna's two sons, Jerry and Sam J., joined Susser Petroleum Company in the 1960s. Together, they invented the first “pay-at-the-pump” system that allowed customers to purchase gasoline with a credit card from unattended stations.
Sam J.'s son, Sam L. Susser, joined the business in 1988. The Company began building its retail convenience store business with the acquisition of 26 7-Eleven stores in 1988. Today, we supply motor fuel to approximately 595 Susser-developed stores operating under the Stripes® banner as well as to other dealer and commercial customers.
In 1999, Susser acquired Rusche Distributing Company and significantly expanded its wholesale fuel distribution network. The Company continued to grow both its retail and wholesale segments through acquisitions and construction of larger-format convenience stores. Susser Holdings Corporation was formed in 2006 and completed its initial public offering of common stock under the symbol SUSS late the same year. In September 2012, the wholesale fuel distribution business became a separate publicly traded master limited partnership (MLP), Susser Petroleum Partners LP (NYSE: SUSP) Susser Holdings was acquired in August 2014 by Energy Transfer Partners (NYSE: ETP), and as a result of that transaction, ETP owns the general partner and the majority of limited partner interests in SUSP.