CrossAmerica Partners LP closes acquisition of 169 sites
The wholesale fuels distributor announces the closing of its acquisition of retail and wholesale assets
CrossAmerica Partners has closed the acquisition of retail and wholesale assets that was originally announced on January 15, 2020.
CrossAmerica has completed its acquisition of the retail operations at 169 sites, wholesale fuel distribution to 110 sites, including 53 third-party wholesale dealer contracts, and a leasehold interest in 62 sites from a seller group.
The aggregate purchase price for the assets is $36 million, exclusive of inventory and in-store cash, with approximately $21 million paid in cash, according to a press release.
Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,700 locations and owns or leases approximately 1,100 sites.
