Global Partners LP Acquires Four Liquid Energy Terminals from Gulf Oil
April 9, 2024
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.
- Buyers
- Global Partners LP
- Targets
- Chelsea, Massachusetts liquid energy terminal (from Gulf Oil Limited Partnership), New Haven, Connecticut liquid energy terminal (from Gulf Oil Limited Partnership), Linden, New Jersey liquid energy terminal (from Gulf Oil Limited Partnership), Woodbury, New Jersey liquid energy terminal (from Gulf Oil Limited Partnership)
- Sellers
- Gulf Oil Limited Partnership
- Industry
- Oil & Gas
- Location
- United States
- Transaction Type
- Divestiture
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