Global Partners Acquires Miller's Neighborhood Market

Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises

December 21, 2023

Oil & Gas

Global Partners LP completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million in cash, supported by a 25-year take-or-pay throughput agreement with Motiva. The purchase nearly doubles Global's U.S. terminal footprint, expanding access to marine loading facilities and major refined-product pipelines to strengthen its supply, storage and retail network.

The JF Petroleum Group Acquires Miller Construction Management Inc.

August 1, 2023

Construction

The JF Petroleum Group has acquired Miller Construction Management Inc., a Lakeland, Florida-based commercial general contracting firm. The acquisition adds turn-key design-build and project management capabilities to JF's General Contracting vertical and expands its commercial and retail construction footprint across the Southeast and Gulf Coast.

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.

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.

Global Partners LP Acquires Wheels (Consumers Petroleum of Connecticut)

February 17, 2022

Retail

Global Partners LP (NYSE: GLP) completed the acquisition of the Wheels retail fuel and convenience-store assets from Consumers Petroleum of Connecticut (Wheels), adding ~26–27 convenience-store locations and associated fuel supply agreements in Connecticut (and NY). The deal expands Global’s Northeast retail footprint and supply network; several sites were divested under an FTC consent order.

Majors Management Acquires Tri-State Petroleum Corporation Assets

December 17, 2021

Retail

Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.