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Global Partners to Acquire Retail Fuel and Convenience Store Assets in Connecticut from Consumers Petroleum


Global Partners to Acquire Retail Fuel and Convenience Store Assets in Connecticut from Consumers Petroleum
Global Partners to Acquire Retail Fuel and Convenience Store Assets in Connecticut from Consumers Petroleum
Global Partners LP (NYSE: GLP) today announced the signing of an agreement to purchase the retail fuel and convenience store assets of Connecticut-based Consumers Petroleum of Connecticut, Incorporated.
Building on our history of successful strategic acquisitions, the pending purchase of Wheels is an excellent fit for Global, and expands our retail business in Connecticut, said Global Partners President and CEO Eric Slifka. The team at Consumers Petroleum has built an impressive brand, with locations along high-traffic routes throughout Connecticut. We are excited about adding these facilities to our portfolio and expect the transaction to be accretive within the first full year of operations. ....

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