1. News
May 18, 2018

Global Partners to acquire 61 retail fuel, convenience stores in US

US-based Global Partners has signed an agreement with convenience store chain Champlain Oil to acquire 61 retail fuel and convenience store assets.

US-based Global Partners has signed an agreement with convenience store chain Champlain Oil to acquire 61 retail fuel and convenience store assets.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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As part of the deal, Global Partners will buy 37 company-operated gas stations with Jiffy Mart-branded convenience stores in Vermont and New Hampshire, as well as approximately 24 owned and leased fuel sites, including lessee dealer and commission agent locations.

"We are very excited about adding retail facilities to our portfolio and expect the transaction to be accretive within the first full year of operations."

Global Partners president and CEO Eric Slifka said: “Building on our skill as a strategic acquirer, this acquisition is an excellent fit for Global, expanding our retail business into Vermont and growing our presence in New Hampshire.

“Jiffy Mart is an established brand with locations along high-traffic routes throughout northern New England. The acquisition benefits from our vertically integrated model, providing additional volume to our strategically situated terminals including those in Burlington, Vermont and Albany, New York.

“We are very excited about adding retail facilities to our portfolio and expect the transaction to be accretive within the first full year of operations.”

The deal also covers fuel supply agreements for approximately 70 gas stations in Vermont and New Hampshire that offer fuel from major brands, including Mobil, Shell, Citgo, Sunoco and Irving.

The transaction is subject to regulatory approvals and other customary closing conditions. It is scheduled to complete during the third quarter this year.

Global Partners owns and operates a network of 1,500 locations, including gasoline stations and convenience stores and offers a wide range of petroleum products and renewable fuels in the Northeast, including New England and New York.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.