Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises
December 21, 2023
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.
- Buyers
- Global Partners LP
- Targets
- 25 liquid energy terminals (from Motiva Enterprises LLC)
- Sellers
- Motiva Enterprises LLC
- Industry
- Oil & Gas
- Location
- United States
- Transaction Type
- Divestiture
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