Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises

Global Partners LP Acquires Four Liquid Energy Terminals from Gulf Oil

April 9, 2024

Oil & Gas

Global Partners LP has completed the acquisition of four liquid energy terminals from Gulf Oil Limited Partnership — Chelsea, MA; New Haven, CT; Linden, NJ; and Woodbury, NJ — for $212.3 million. The terminals add approximately 3.0 million barrels of shell capacity and strengthen Global's storage and distribution network across the U.S. Northeast, expanding its ability to serve gasoline, distillate and ethanol markets.

JET Infrastructure Acquires Five IMTT Fuel Terminals

October 31, 2023

Energy

JET Infrastructure acquired five fuel terminals from International-Matex Tank Terminals (IMTT), expanding the company's presence into Georgia, Alabama and New Mexico and increasing capacity and connectivity for aviation fuel and biofuels in the U.S. Southeast. The deal brings JET's portfolio to 12 assets with more than 2.1 million barrels of storage capacity and a network of 145 miles of pipeline; the terminals were sold by IMTT, which is headquartered in New Orleans, Louisiana.

Global Partners and ExxonMobil Acquire 64 Houston-Area Convenience and Fueling Sites from Landmark Group

March 29, 2023

Retail

Global Partners LP and ExxonMobil have signed an agreement to acquire 64 Houston-area convenience and fueling facilities from the Landmark Group. The assets will be purchased under the joint venture Spring Partners Retail LLC, with Global Partners acting as the management company/operator; the transaction is expected to close in Q2 2023, subject to regulatory clearance.

United Energy Corporation Acquires Integrity Terminals, LLC

August 5, 2022

Energy

United Energy Corporation (UNRG) acquired 100% of Integrity Terminals, LLC, expanding its midstream footprint and moving from a prior 12% minority stake to full ownership. The acquisition includes an option to purchase 686 acres in Iberville Parish, Louisiana, for a planned Gulf Coast bulk storage and import/export terminal; UNRG has engaged EXCEL Midstream Solutions for design, permitting and engineering work.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Global Partners LP Acquires Tidewater Convenience, Inc.

September 21, 2022

Retail

Global Partners LP acquired Tidewater Convenience, Inc.'s 15 convenience-store locations (14 company-operated) in Southeast Virginia, expanding the Partnership's retail footprint in the mid-Atlantic. Matrix Capital Markets Group served as exclusive financial advisor to the seller.