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Global Partners Announces Agreement to Acquire Retail Portfolio from Capitol Petroleum Group for $156 Million

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or “the Partnership”) announced today that it has entered into an agreement with Capitol Petroleum Group (“CPG”) to purchase a portfolio of 97 Mobil- and Exxon-branded retail gas stations and seven dealer supply contracts in New York City and Prince George’s County, Maryland. The total consideration is approximately $156 million, subject to closing adjustments. The acquisition is expected to be accretive in the first full

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