{"id":499695,"date":"2021-05-28T08:13:04","date_gmt":"2021-05-28T12:13:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sprague-resources-lp-announces-sale-of-interest-in-general-partner\/"},"modified":"2021-05-28T08:13:04","modified_gmt":"2021-05-28T12:13:04","slug":"sprague-resources-lp-announces-sale-of-interest-in-general-partner","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sprague-resources-lp-announces-sale-of-interest-in-general-partner\/","title":{"rendered":"Sprague Resources LP Announces Sale of Interest in General Partner"},"content":{"rendered":"
\n

PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (\u201cSprague\u201d or the \u201cPartnership\u201d) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (\u201cBuyer\u201d), acquired from Sprague Resources Holdings LLC (Sprague Holdings\u201d) 100% of the limited liability company interests of Sprague Resources GP LLC (the \u201cGeneral Partner\u201d), the general partner of Sprague; all of Sprague Holding\u2019s common units; and, all of the Partnership\u2019s Incentive Distribution Rights. The Buyer and its affiliates now collectively hold approximately 74.5% of the Partnership\u2019s outstanding common units.<\/p>\n

\n
\n About Sprague Resources LP<\/u>
\n <\/strong>
\n
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials. More information concerning Sprague can be found at www.spragueenergy.com<\/a>.<\/p>\n

Investor Contact:
Paul Scoff
+1 800.225.1560
investorrelations@spragueenergy.com<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (\u201cSprague\u201d or the \u201cPartnership\u201d) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (\u201cBuyer\u201d), acquired from Sprague Resources Holdings LLC (Sprague Holdings\u201d) 100% of the limited liability company interests of Sprague Resources GP LLC (the \u201cGeneral Partner\u201d), the general partner of Sprague; all of Sprague Holding\u2019s common units; and, all of the Partnership\u2019s Incentive Distribution Rights. The Buyer and its affiliates now collectively hold approximately 74.5% of the Partnership\u2019s outstanding common units. About Sprague Resources LP Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials. … <\/p>\n

Continue reading “Sprague Resources LP Announces Sale of Interest in General Partner”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499695","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSprague Resources LP Announces Sale of Interest in General Partner - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sprague-resources-lp-announces-sale-of-interest-in-general-partner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sprague Resources LP Announces Sale of Interest in General Partner - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (\u201cSprague\u201d or the \u201cPartnership\u201d) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (\u201cBuyer\u201d), acquired from Sprague Resources Holdings LLC (Sprague Holdings\u201d) 100% of the limited liability company interests of Sprague Resources GP LLC (the \u201cGeneral Partner\u201d), the general partner of Sprague; all of Sprague Holding\u2019s common units; and, all of the Partnership\u2019s Incentive Distribution Rights. The Buyer and its affiliates now collectively hold approximately 74.5% of the Partnership\u2019s outstanding common units. About Sprague Resources LP Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. 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