Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater

Source: www.gulfoilandgas.com 9/21/2022, Location: North America

Global Partners LP, one of the Northeast and mid-Atlantic’s largest independent owners, suppliers, and operators of gasoline stations and convenience stores, announced the purchase of Tidewater Convenience, Inc. (Tidewater), further expanding the Partnership’s retail footprint in the mid-Atlantic region.

The acquisition includes 15 locations (14 company-operated) in Southeast Virginia.

“We are committed to continuing to expand by adding strategic locations to our vertically integrated network. Virginia is a key market that complements our existing portfolio,” said Mark Cosenza, SVP Gasoline, Distribution and Station Operations. “We share Tidewater’s values around community and a commitment to guest experience, and we look forward to continuing to deliver high-quality service at these locations.”

Global delivers essential products including fuel, food, and supplies to local communities and supports non-profits and community organizations throughout its footprint at approximately 1,700 retail locations and more than 20 bulk energy terminals.

Matrix Capital Markets Group, Inc. served as the exclusive financial advisor to the seller.


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