M&A Deal Summary

Global Partners Acquires Tidewater Convenience

On September 21, 2022, Global Partners acquired retailer Tidewater Convenience

Acquisition Highlights
  • This is Global Partners’ 3rd transaction in the Retail sector.
  • This is Global Partners’ 4th transaction in the United States.
  • This is Global Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2022-09-21
Target Tidewater Convenience
Sector Retail
Buyer(s) Global Partners
Deal Type Add-on Acquisition
Advisor(s) Matrix Capital Markets Group Inc. (Financial)

Target

Tidewater Convenience

Virginia Beach, Virginia, United States
Tidewater Convenience is a retail company. Tidewater Convenience was founded in 1992 and is based in Virginia Beach, Virginia.

Search 192,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Global Partners

Waltham, Massachusetts, United States

website

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees2,375
Revenue 18.9B USD (2022)
DESCRIPTION

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. Global Partnersl was founded in 2005 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Wheels of CT - Retail Fuel & Convenience Stores

Milford, Connecticut, United States

Wheels of CT include 26 company-operated “Wheels” branded convenience stores in Connecticut, as well as fuel supply agreements with 22 sites in Connecticut and New York.

Buy -
Mergr

Product

Company

Legal