Global Partners Acquires Consumers Petroleum of Connecticut's Wheels Retail Fuel and Convenience Stores.
M2 EQUITYBITES-January 28, 2022-Global Partners Acquires Consumers Petroleum of Connecticut's Wheels Retail Fuel and Convenience Stores
(C)2022 M2 COMMUNICATIONS http://www.m2.com
US-based gasoline stations and convenience store operator Global Partners LP (NYSE: GLP) has completed the purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut, Inc, the company said.
The transaction includes 26 company-operated "Wheels" branded convenience stores in Connecticut, as well as fuel supply agreements with 22 sites in Connecticut and New York.
As part of a Federal Trade Commission consent order, Global has divested seven select retail sites in Connecticut.
Global offers essential fuel, food and supplies to local communities and supports non-profits and community organizations throughout its footprint, at more than 1,600 retail locations and more than 20 bulk energy terminals.
With more than 1,600 locations...
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