BREAKING NEWS
Cloud Server Hosting For Online Businesses
Inexpensive SEO Services
Benefits of Wanting to play Free Online Slot machines
Global Partners

Summary

Global Partners LP (NYSE: GLP) is an American energy supply company ranked 361 in the 2018 Fortune 500.[3] 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.

Global Partners LP
Industryenergy supply company
Founded1933
Headquarters
Waltham, Massachusetts
Key people
Richard Slifka (Chairman)
Eric Slifka (CEO)
Mark Romaine (COO)
Revenue$17.3 billion (2014) [1]
Number of employees
2,000 [2] (2017)
Websiteglobalp.com

Its CEO is Eric Slifka and it is based in Waltham, Massachusetts. The company was founded in 1933.

In March 2012, Global Partners acquired Alliance Energy, another company owned by the Slifka family that operated gas stations in the Northeast.[4] In 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.[5] It expanded in 2014 by acquiring the parent of Xtra Mart convenience stores.[6]

History edit

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.

In April 2024, it was announced Global Partners had acquired four liquid energy terminals Massachusetts, Connecticut and New Jersey from Gulf Oil Limited Partnership for $212.3 million.[7]

References edit

  1. ^ "Profile: Global Partners", CNN Money
  2. ^ "Global Partners". Fortune. Retrieved 2018-12-04.
  3. ^ "Global Partners". Fortune. Retrieved 2018-12-04.
  4. ^ Global Partners Closes Alliance Energy Deal
  5. ^ "Global Partners to buy assets in Bakken for $80 mln". Reuters. 5 October 2012.
  6. ^ Global Partners Closes Warren Equities Deal
  7. ^ "Global Partners Closes $212MM Acquisition of 4 Gulf Oil Terminals". www.rigzone.com. Retrieved 2024-04-11.

Further reading edit

  • "Global Partners is now an industry powerhouse". Boston Globe. June 9, 2013.
  • Saul Tannenbaum (June 10, 2013). "What The Globe Didn't Tell You About Global Partners". Cambridge, Massachusetts: Cambridge Community Television.

External links edit

  • Official website