Global Partners LP Completes Acquisition of East Providence Liquid Energy Terminal
Global Partners LP Global Partners LP Common Units representing Limited Partner Interests (GLP)
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Source: Business Wire
The acquisition further strengthens Global’s operational capabilities and supply options in the Northeast WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) announced today that it has successfully completed the acquisition of a liquid energy terminal in East Providence, Rhode Island from the ExxonMobil Oil Corporation.The East Providence terminal, featuring 10 product tanks with 959,730-barrel shell capacity, serves as a strategic storage facility for various products, including gasoline, additives, distillates, and ethanol. It includes a six-bay truck rack servicing the Rhode Island, Northern Connecticut, and Southern Massachusetts markets, as well as a large dock with capabilities to accommodate long-range vessels."The acquisition of the East Providence terminal aligns perfectly with our strategic goals," said Eric Slifka, President and Chief Executive Officer of Global Partners LP.The addition of gasoline infrastructure through this t
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