Global Partners
| Company type | Master limited partnership |
|---|---|
| Industry | Energy |
| Founded | 1933 |
| Headquarters | Waltham, Massachusetts , United States |
| Products | Crude oil, diesel oil, gasoline, heating oil, kerosene |
| Website | www |
Global Partners LP () is a U.S.-based energy supplier, positioned at number 361 on the 2018 Fortune 500 list. Functioning as a master limited partnership, the firm specializes in the importation and distribution of petroleum products throughout North America. Its wholesale offerings encompass crude oil, diesel oil, gasoline, heating oil, and kerosene.
History
Originating in 1933 as a sole distributor of heating oil via truck, Global Partners has grown substantially by acquiring gasoline stations, convenience stores, pipelines, and storage facilities.
In March 2012, the company expanded by purchasing Alliance Energy, a gas station operator owned by the Slifka family in the Northeast. Later that year, in October 2012, it secured majority ownership of two trans-loading terminals in North Dakota for approximately $80 million, strengthening its operations within the Bakken shale region.
January 2015 marked another significant growth phase when Global acquired the parent entity of Xtra Mart convenience stores for $387 million. In December 2023, it nearly doubled its operational reach in the southern and southeastern United States by acquiring 25 liquid energy terminals from Motiva for $305.8 million.
Further enhancing its terminal portfolio, Global Partners purchased four liquid energy terminals located in Massachusetts, Connecticut, and New Jersey from Gulf Oil Limited Partnership in April 2024 for $212.3 million.