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July 20, 2018updated 27 Jul 2018 8:15am

Global Partners acquires retail store assets of Champlain Oil

US-based energy supply company Global Partners has concluded the purchase of 126 retail fuel and convenience store assets of Champlain Oil for $134m.

US-based energy supply company Global Partners has concluded the purchase of 126 retail fuel and convenience store assets of Champlain Oil for $134m.

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The deal, which was signed in May, includes 37 company-operated gas stations operating under Jiffy Mart-branded convenience stores in Vermont and New Hampshire, as well as around 24 fuel sites, including lessee dealer and commission agent locations.

The deal also includes term fuel supply agreements for 65 gas stations, primarily in Vermont and New Hampshire.

Global Partners president and CEO Eric Slifka said: “The completion of this transaction expands our retail portfolio and geographic footprint in New England, and provides additional volume to our strategically located terminals in New York and Vermont.

“We are excited to add the well-established Jiffy Mart brand and co-branding arrangements to our business and to further benefit from economies of scale in the purchase of fuel and convenience store merchandise.

“The completion of this transaction expands our retail portfolio and geographic footprint in New England.”

“We look forward to building upon these premier assets and welcome our new associates to the Global team.”

The 126 convenience stores offer major fuel brands such as Mobil, Shell, Citgo, Sunoco and Irving.

The transaction is subject to post-closing adjustments and is expected to be accretive within the first full year of operations.

Global Partners owns and operates a network of 1,500 locations, including gasoline stations and convenience stores, while it offers a wide range of petroleum products and renewable fuels in the North East, 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
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