Global Partners acquires Boston Harbor terminal

摘要

Global Partners LP acquired a terminal in Boston Harbor from privately held affiliated company Global Petroleum Corp. for a total consideration of $23.65 million, subject to customary post-closing adjustments. Global Petroleum leased the facility to the partnership for years before the transaction. It has storage capacity of 2.1 MMbbl of refined petroleum products, including heating oil, gasoline, distillates, diesel, kerosene and blendstocks. Global Partners will finance the transaction with available capacity under its revolving credit facility.