Global Partners acquires Honey Farms for $36M
Global Partners has acquired Honey Farms’ 11 company-operated retail fuel and convenience stores and 22 stand-alone c-stores for $36 million, according to a company release.
The acquisition is set to expand Global Partners’ presence in the greater Worcester, Massachusetts area where all the sites are located.
“This transaction aligns with our objective of acquiring sites that expand our footprint and enable us to benefit from economies of scale in the purchase of fuel and convenience store merchandise,” said Global Partners President and CEO Eric Slifka.
Global Partners is one of the largest regional independent owners, suppliers, and operators of gasoline stations and convenience stores present in approximately 1,500 locations primarily in the Northeast of the United States.
