Global Partners
{{Short description|American energy supply company}}
{{Infobox company
| name = Global Partners LP
| logo = File:Global-Partners-Logo-2024.png
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| foundation = 1933
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| location_city = Waltham, Massachusetts
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| key_people = Richard Slifka (Chairman)
Eric Slifka (CEO)
Mark Romaine (COO)
| industry = energy supply company
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| revenue = $16.49 billion (2023){{cite web |url=https://companiesmarketcap.com/global-partners-lp/revenue |title=Revenue history for Global Partners LP from 2006 to 2024 |website=companiesmarketcap.com |access-date=December 8, 2024}}
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| num_employees = 5,060{{cite web |url=https://stockanalysis.com/stocks/glp/employees/ |title=Global Partners LP Employees |website=stockanalysis.com |access-date=December 8, 2024}}
| num_employees_year = 2023
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| homepage = {{URL|globalp.com}}
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Global Partners LP ({{NYSE|GLP}}) is an American energy supply company ranked 361 in the 2018 Fortune 500.{{cite web |url=http://fortune.com/fortune500/global-partners/ |title=Global Partners |website=Fortune |language=en-US |access-date=December 4, 2018}}{{dead link|date=December 2024}} The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.
History
Global was founded in 1933 as a single truck heating oil distributor. Since then, it has grown through the acquisitions of gasoline stations, convenience stores, pipelines, and storage terminals.{{cite news |url=https://www.bostonglobe.com/business/2013/06/08/from-family-business-fortune/4aAJdLZK1zf89U002S6YxO/story.html |title=Global Partners is now an industry powerhouse |first=Erin |last=Ailworth |date=June 9, 2013 |work=The Boston Globe |access-date=December 6, 2024}}
March 2012 - Global Partners acquired Alliance Energy, another company owned by the Slifka family that operated gas stations in the Northeast.{{cite web |url=https://www.csnews.com/industry-news-and-trends/corporate-store-operations/global-partners-closes-alliance-energy-deal |title=Global Partners Closes Alliance Energy Deal |date=March 2, 2012 |website=csnews.com |access-date=December 6, 2024}}
October 2012 - Global Partners announced that it was buying a majority stake in two trans-loading facilities in North Dakota for a fee of around $80 million, expanding its presence in the Bakken region.{{cite news |url=https://www.reuters.com/article/globalpartners-acquisition-assets-idUSL3E8L552U20121005 |title=Global Partners to buy assets in Bakken for $80 mln |work=Reuters |date=October 5, 2012}}
January 2015 - Global Partners expanded by acquiring the parent of Xtra Mart convenience stores in a $387-million deal.{{cite web |url=https://csnews.com/global-partners-closes-warren-equities-deal? |title=Global Partners Closes Warren Equities Deal |date=January 8, 2015 |website=csnews.com |access-date=December 6, 2024}}
December 2023 - Global Partners paid $305.8 million to acquire 25 liquid energy terminals from Motiva. At the time, the acquisition almost doubled Global’s operating footprint in the south and southeast US.{{cite web |url=https://www.cspdailynews.com/fuels/global-partners-completes-acquisition-25-liquid-energy-terminals-motiva |title=Global Partners Completes Acquisition of 25 Liquid Energy Terminals from Motiva |first=Rachel |last=Gignac |date=December 26, 2023 |website=cspdailynews.com |access-date=December 6, 2024}}
April 2024 - Global Partners announced it had acquired four liquid energy terminals in Massachusetts, Connecticut and New Jersey from Gulf Oil Limited Partnership for $212.3 million.{{cite web |url=https://www.rigzone.com/news/global_partners_closes_212mm_acquisition_of_4_gulf_oil_terminals-11-apr-2024-176371-article/ |title=Global Partners Closes $212MM Acquisition of 4 Gulf Oil Terminals |first=Rocky |last=Teodoro |date=April 11, 2024 |website=rigzone.com |language=en |access-date=April 11, 2024}}
References
{{Reflist}}
External links
- [http://www.globalp.com Official website]
{{Convenience stores in North America}}
{{Authority control}}
Category:Companies listed on the New York Stock Exchange
Category:Energy companies established in 1933
Category:Companies based in Waltham, Massachusetts
Category:Oil companies of the United States
Category:Natural gas companies of the United States
Category:1933 establishments in Massachusetts
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