Global Partners acquires 37 c-stores in northeast U.S.
Global Partners LP has acquired a number of convenience and fuelling assets from Champlain Oil Company and Coco Mart, according to Matrix Capital Markets.
The acquired assets include 37 company operated convenience stores with gas, trading as Jiffy Mart, and some 24 fuel sites that are either owned or leased including lessee dealer and commission agent locations.
The transaction also includes fuel supply agreements for approximately 65 gas stations, primarily in Vermont and New Hampshire.
“I would like to thank all of our employees who helped build our company over many years and Matrix who was a pleasure to work with,” said Tony Cairns, President of Champlain.
Headquartered in Burlington, Vermont, Champlain is one of the largest petroleum wholesale distribution and convenience retail marketers in the northeast.
