The Online Investor
Energy M&A image Energy M&A » By The Online Investor Staff, updated Tue., Aug. 11, 8:53 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #93. Lehigh Gas Partners LP Wholesale Motor Fuel Supply Contracts

Acquirer: Lehigh Gas Partners LP (LGP)
Acquiree: Wholesale Motor Fuel Supply Contracts
Details: Lehigh Gas Partners LP (NYSE:LGP) announced today that it completed the acquisition of certain wholesale motor fuel supply contracts from Manchester Marketing, Inc. for a total consideration of $11.1 million. The acquisition consisted of 45 independent dealer supply contracts, 5 subjobber supply contracts and certain other assets. The acquired supply contracts are primarily for branded motor fuels and the weighted average remaining term on the supply contracts is approximately 9 years. The sites supplied under the acquired contracts are located in the Richmond, VA area.

CrossAmerica Partners LP is engaged in the distribution of motor fuels, consisting of gasoline and diesel fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuels. Co. operates from the wholesale distribution of motor fuels to retail sites and from real estate leases and, on a select basis, through the retail distribution of motor fuels at certain sites. As of Dec 31 2013, Co. distributed motor fuels to 812 sites and to 16 sub-wholesalers. Co.'s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee and Virginia. Co. also distributes motor fuel in Georgia.

Open the LGP Page at The Online Investor »

Company Name: 
CrossAmerica Partners LP
Website: 
www.crossamericapartners.com
Sector: 
Oil & Gas Equipment & Services
 

Open the LGP Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Energy M&A - Slide 93 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.