Global Partners LP GLP

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.