Global Partners Completes Acquisition of Alliance Energy LLC
WALTHAM, Mass., March 2, 2012
Global Partners LP (NYSE: GLP) has completed the previously announced acquisition of Alliance Energy LLC, a gasoline distributor and operator of gasoline stations and convenience stores.
Together, Alliance and Global have a portfolio of approximately 800 gas stations in nine Northeastern states.
In conjunction with the closing, Alliance President Andrew Slifka has joined Global Partners as President of the Partnership’s service station, C-store and related supply division. In addition, he will become a member of the Board of Directors of Global GP LLC in the second quarter of 2012.