The Online Investor
Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sun., Jul. 3, 5:37 PM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #90. Global Partners LP Majority Interest in Basin Transload LLC

Acquirer: Global Partners LP (NYSE:GLP)
Acquiree: Majority Interest in Basin Transload LLC
Details: Global Partners LP (NYSE:GLP) today announced the completion of its previously announced acquisition of a 60% membership interest in Basin Transload LLC ("Basin Transload"), which operates two crude oil transloading facilities in Columbus and Beulah, North Dakota with a combined rail loading capacity of 160,000 barrels per day. The purchase price, subject to post-closing adjustments, was approximately $85 million, which Global financed through an increase in its credit facility.

Global Partners owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. Co is engaged in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks (such as ethanol), distillates (such as home heating oil, diesel and kerosene), residual oil, renewable fuels, crude oil and propane and in the transportation of petroleum products and renewable fuels by rail from the mid-continent region of the U.S. and Canada.

Preferred: GLP.PRA

Open the GLP Page at The Online Investor »

Company Name: 
Global Partners LP
Oil & Gas Equipment & Services
Number of ETFs Holding GLP: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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

Quotes delayed 20 minutes

Email EnvelopeFree GLP Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Sell (1.33 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
GLP Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Oil & Gas Equipment & Services M&A - Slide 90 of 100 Page |

Copyright © 1998 - 2022, 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.