Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil
Global strengthens operations in the Northeast and continues to expand its terminal network
With a combined shell capacity of approximately 3.0 million barrels, these terminals expand Global’s ability to store and distribute gasoline, distillates, and ethanol. This acquisition aligns with Global’s strategy to acquire and invest in assets that allow the Partnership to leverage scale from its integrated network in high demand markets.
“This acquisition further delivers on our commitment to strategic growth and our ability to identify and capitalize on assets that leverage our growing network,” said
The new terminals are a key fit in Global’s network.
Slifka continued, “We are happy to finalize this acquisition and welcome these terminals into our growing network. These assets will strengthen our existing operations and provide us with new opportunities to serve our customers and enhance our competitive advantage.”
Global purchased the four terminals for
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Building on a legacy that began more than 90 years ago,
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