Company Overview

Global Partners LP is a publicly traded master limited partnership operating in the energy logistics, wholesale, and retail sectors across North America. The company is primarily engaged in sourcing, storing, distributing, and marketing petroleum products, renewable fuels, crude oil, and related energy commodities. Its operations span fuel terminaling, transportation, gasoline station ownership, convenience retail, and commercial fuel distribution. Global Partners generates revenue through fuel sales, wholesale distribution contracts, terminal services, retail convenience operations, and logistics activities tied to refined petroleum and renewable energy products.

The partnership traces its origins to 1933 as a fuel oil distributor founded by the Slifka family in Massachusetts. Over time, it expanded from regional heating oil distribution into a diversified downstream energy infrastructure company. Growth accelerated through acquisitions of fuel terminals, retail gasoline assets, and convenience store networks, including assets acquired from major energy companies and regional fuel distributors. Global Partners has developed a strategic position in the Northeastern United States through its integrated logistics network, branded retail operations, and access to marine, rail, pipeline, and truck transportation infrastructure.

Business Operations

Global Partners conducts business primarily through three operating segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment includes bulk storage, terminaling, renewable fuels blending, and wholesale distribution of gasoline, distillates, crude oil, and feedstocks. The GDSO segment encompasses company-operated convenience stores, gasoline stations, and fuel supply agreements with independently operated retail sites under various fuel brands. The Commercial segment supplies diesel, heating oil, kerosene, gasoline, and related services to commercial and industrial customers, municipalities, and transportation operators.

The company controls a broad network of liquid energy terminals and logistics assets concentrated in the Northeastern United States, including marine-accessible storage facilities and transportation capabilities. Global Partners operates or supplies numerous convenience retail brands and maintains relationships with major fuel refiners and marketers. Its subsidiaries and affiliated operations include Global Montello Group Corp., Alltown Fresh, and other regional retail and logistics entities. The company also participates in renewable fuel markets through blending operations and renewable identification number (RIN) management associated with U.S. fuel regulations.

Strategic Position & Investments

Global Partners has focused its strategic direction on expanding integrated fuel logistics capabilities while increasing exposure to higher-margin retail and convenience operations. Investments in convenience retail modernization, foodservice offerings, and branded store concepts such as Alltown Fresh reflect efforts to diversify earnings beyond traditional fuel margins. The company has also continued investing in renewable fuel blending infrastructure and low-carbon fuel distribution capabilities to adapt to evolving energy regulations and consumer demand trends.

Acquisition activity has historically played a central role in growth. Significant transactions have included retail fuel networks and terminal assets across the Northeast and Mid-Atlantic regions. Global Partners has also invested in optimizing terminal infrastructure, supply chain flexibility, and wholesale distribution efficiency. The company’s strategic positioning benefits from its concentration in densely populated Northeastern markets with constrained fuel infrastructure, where storage capacity and logistics access provide operational advantages during supply disruptions and seasonal demand shifts.

Geographic Footprint

Global Partners is headquartered in Waltham, Massachusetts, and operates primarily across the Northeastern United States. Its terminal, wholesale, and retail operations extend throughout states including Massachusetts, Connecticut, Rhode Island, New York, Vermont, New Hampshire, Maine, New Jersey, Pennsylvania, and surrounding regions. The partnership maintains a substantial presence in New England fuel distribution and convenience retail markets.

The company’s logistics footprint includes marine terminals and transportation connections supporting fuel imports and regional distribution. While its direct retail presence is concentrated in the United States, Global Partners participates in broader international energy markets through commodity sourcing, marine fuel supply chains, and imported refined product flows. Its infrastructure links regional demand centers with domestic refiners and international product suppliers.

Leadership & Governance

Global Partners remains influenced by the founding Slifka family, which has maintained a longstanding leadership role in the organization. The company operates under a governance structure typical of publicly traded master limited partnerships, with executive leadership overseeing fuel logistics, retail operations, financial management, and commercial energy distribution. Leadership has emphasized disciplined capital allocation, operational integration, and expansion of retail and logistics capabilities within core geographic markets.

Key executives include:

• Eric Slifka – Chairman of the Board and Chief Executive Officer
• Richard D. Sawyer – President and Chief Operating Officer
• Daphne A. Williams – Chief Financial Officer and Treasurer
• Mark Romaine – Chief Accounting Officer
• Robert W. Bondurant – Executive Vice President

The company’s leadership strategy has consistently emphasized vertical integration across fuel sourcing, storage, transportation, and retail distribution, with continued investment in logistics infrastructure and customer-facing retail operations.