M&A Deal Summary

Global Partners Acquires Cheshire Oil - Convenience Stores and Gas Stations

On May 30, 2018, Global Partners acquired energy services and equipment company Cheshire Oil - Convenience Stores and Gas Stations from Cheshire Oil

Acquisition Highlights
  • This is Global Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Global Partners’ 2nd transaction in the United States.
  • This is Global Partners’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2018-05-30
Target Cheshire Oil - Convenience Stores and Gas Stations
Sector Energy Services and Equipment
Buyer(s) Global Partners
Sellers(s) Cheshire Oil
Deal Type Divestiture

Target

Cheshire Oil - Convenience Stores and Gas Stations

Keene, New Hampshire, United States
Cheshire Oil Co. LLC - Convenience Stores and Gas Stations includes nine stores in New Hampshire and one in Brattleboro, Vermont. All of the locations are branded T-Bird Mini Marts and market Citgo fuel.

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Buyer(S) 1

Buyer

Global Partners

Waltham, Massachusetts, United States
Category Company
Founded 2005
Sector Energy Services and Equipment
Employees3,485
Revenue 16.5B USD (2023)
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 2 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Global Partners - Natural Gas and Electricity Business

Waltham, Massachusetts, United States

Global Partners LP - Natural Gas and Electricity Business serve approximately 4,000 commercial, industrial, municipal and institutional customer locations across New York, New Jersey, Massachusetts, Rhode Island, New Hampshire and Maine.

Sell $17M
FOLLOWING 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 -

Seller(S) 1

SELLER

Cheshire Oil

Keene, New Hampshire, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Cheshire Oil Co. LLC is a provider of energy services. Cheshire Oil is based in Keene, New Hampshire.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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