Global Partners Announces Acquisition of Retail Fuel and Convenience Store Assets from Honey Farms, Inc.

Source Press Release
Company Global Partners LP 
Tags Asset Deals, Deals, Refining & Marketing Activities
Date October 18, 2017

Global Partners LP (NYSE: GLP) announced today that it has acquired retail fuel and convenience store assets from Honey Farms, Inc. in a cash transaction. The acquisition includes 11 company-operated retail sites with fuel and convenience stores and 22 stand-alone c-stores. All of the sites are located in the greater Worcester, Massachusetts area. The purchase price was approximately $36 million.

“This transaction aligns with our objective of acquiring sites that expand our footprint and enable us to benefit from economies of scale in the purchase of fuel and convenience store merchandise,” said Global Partners President and CEO Eric Slifka.

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