Item2.01 Completion of Acquisition or Disposition of Assets.
On January 25, 2022, Global Partners LP (the "Partnership") completed the
acquisition (the "Acquisition") of substantially all of the assets of Consumers
Petroleum of Connecticut, Incorporated, Putling Greens I, LLC, Wheels of CT,
Inc., CPCI, LLC and Wiehl Estate, LLC (collectively, the "Seller") pursuant to
the Purchase and Sale Agreement, dated as of December 9, 2020, by and between
the Seller, as seller, and the Partnership, as buyer (the "Purchase and Sale
Agreement"). The Acquisition includes 27 company-owned Wheels convenience
stores and related fuel operations and 24 fuel-supply only sites. The acquired
properties are located in Connecticut and New York. The purchase price, subject
to post-closing adjustments, was approximately $151 million. The Acquisition was
funded with borrowings under the Partnership's revolving credit facility.
The foregoing description does not purport to be complete and is qualified in
its entirety by reference to the Purchase and Sale Agreement, a copy of which is
attached hereto as Exhibit 2.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
2.1** Purchase and Sale Agreement, dated as of December 9, 2020, by and
between Consumers Petroleum of Connecticut, Incorporated, Putling Greens
I, LLC, Wheels of CT, Inc., CPCI, LLC and Wiehl Estate, LLC, as
collective Seller, and Global Partners LP, as Buyer.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
** Schedules and similar attachments have been omitted pursuant to
Item 601(a)(5) of Regulation S-K. The Partnership undertakes to furnish
supplementally copies of any of the omitted schedules and exhibits upon request
by the U.S. Securities and Exchange Commission.
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