A new agreement between Global Partners and Mirabito will grow Mirabito’s c-store portfolio by 31.
Global Partners LP has announced that it will soon be selling 31 gas stations and convenience stores to Mirabito Holdings Inc. The stores that are being sold are located in New York and Pennsylvania.
In addition, the parties will enter into long-term supply contracts for branded and unbranded gasoline and other petroleum products.
The retail assets were acquired by Global Partners in January 2015 in connection with the purchase of Warren Equities Inc. and its subsidiaries.
The companies said they expect the transaction to close in the third quarter of 2016, subject to customary due diligence.
The Mirabito Family of Cos. operates in eight states with multiple divisions including, natural gas and electric, home energy products and services, wholesale energy products and services, convenience stores and truck repair. The Binghampton, N.Y.-based company operates approximately 75 convenience stores under the Mirabito, Quickway Food Stores, Convenience Express and Manley’s Mighty-Mart names.
Waltham, Mass.-based Global Partners is a midstream logistics and marketing company that owns, controls or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast. It also is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. The company is engaged in the transportation of crude oil and other products by rail from the mid-continental U.S. and Canada to the East and West coasts for distribution to refiners and others. With approximately 1,500 locations, primarily in the Northeast, Global Partners is one of the largest independent owners, suppliers and operators of gas stations and convenience stores.