Global Partners LP acquires convenience store chain Miller’s Neighborhood
Global Partners LP, an American energy supply company, has acquired Virginia-based convenience store chain Miller’s Neighborhood Market in a move to grow its retail presence in the mid-Atlantic region.
The financial terms of the deal were not disclosed.
Through the deal, Global Partners LP gains 23 convenience stores of which are 21 are company-operated and fuel supply agreements with 34 locations mainly in Virginia.
Eric Slifka — Global Partners LP President and CEO said: “The addition of Miller’s significantly expands our retail presence in the mid-Atlantic region and complements our portfolio of over 80 controlled sites and dealer network.
“Acquiring these high-quality locations enables us to further capitalize on our scale, supply relationships, and our integrated model to enhance product margin along each step of the value chain.
“Like Global, Miller’s is a family-founded business with shared values around community and a commitment to customer experience. This purchase demonstrates our appetite to grow our book of business.”
Global Partners LP operates more than 1,600 gasoline stations and convenience stores, located mainly in the US Northeast. The master limited partnership also has 20 plus bulk energy terminals.
Last month, Global Partners wrapped up the previously announced acquisition of 26 retail fuel and convenience store assets from Consumers Petroleum of Connecticut, Inc.