Global Partners LP Acquires Wheels (Consumers Petroleum of Connecticut)
February 17, 2022
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.
- Buyers
- Global Partners LP
- Targets
- Wheels of CT, Inc. (Wheels)
- Sellers
- Consumers Petroleum of Connecticut, Inc., Wheels of CT, Inc., Wiehl family
- Industry
- Retail
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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