{"id":687728,"date":"2022-09-21T16:08:27","date_gmt":"2022-09-21T20:08:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\/"},"modified":"2022-09-21T16:08:27","modified_gmt":"2022-09-21T20:08:27","slug":"global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\/","title":{"rendered":"Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc."},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc.<\/b><\/p>\n<p>WALTHAM, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGlobal Partners LP (NYSE: GLP) (\u201cGlobal\u201d or \u201cthe Partnership\u201d), one of the Northeast and mid-Atlantic\u2019s largest independent owners, suppliers, and operators of gasoline stations and convenience stores, today announced the purchase of Tidewater Convenience, Inc. (Tidewater), further expanding the Partnership\u2019s retail footprint in the mid-Atlantic region.\n<\/p>\n<p>\nThe acquisition includes 15 locations (14 company-operated) in Southeast Virginia.\n<\/p>\n<p>\n\u201cWe are committed to continuing to expand by adding strategic locations to our vertically integrated network. Virginia is a key market that complements our existing portfolio,\u201d said Mark Cosenza, SVP Gasoline, Distribution and Station Operations. \u201cWe share Tidewater\u2019s values around community and a commitment to guest experience, and we look forward to continuing to deliver high-quality service at these locations.\u201d\n<\/p>\n<p>\nGlobal delivers essential products including fuel, food, and supplies to local communities and supports non-profits and community organizations throughout its footprint at approximately 1,700 retail locations and more than 20 bulk energy terminals.\n<\/p>\n<p>\nMatrix Capital Markets Group, Inc. served as the exclusive financial advisor to the seller.\n<\/p>\n<p><b>About Global Partners<\/b><\/p>\n<p>\nWith approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region\u2019s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol \u201cGLP.\u201d For additional information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.globalp.com&amp;esheet=52921702&amp;newsitemid=20220920006294&amp;lan=en-US&amp;anchor=www.globalp.com.&amp;index=1&amp;md5=8b2c565e64ec2fa7fd699c555d056ea8\">www.globalp.com.<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220920006294r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220920006294\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220920006294\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/>Gregory B. Hanson<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800<\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Catie Kerns<br \/>\n<br \/>SVP Corporate Affairs<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800\n<\/p>\n<p><b>KEYWORDS:<\/b> Virginia Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Convenience Store Transport Logistics\/Supply Chain Management Oil\/Gas Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220920006294\/en\/1578528\/3\/New_GLOBAL_LOGO-registered.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc. WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) (\u201cGlobal\u201d or \u201cthe Partnership\u201d), one of the Northeast and mid-Atlantic\u2019s largest independent owners, suppliers, and operators of gasoline stations and convenience stores, today announced the purchase of Tidewater Convenience, Inc. (Tidewater), further expanding the Partnership\u2019s retail footprint in the mid-Atlantic region. The acquisition includes 15 locations (14 company-operated) in Southeast Virginia. \u201cWe are committed to continuing to expand by adding strategic locations to our vertically integrated network. Virginia is a key market that complements our existing portfolio,\u201d said Mark Cosenza, SVP Gasoline, Distribution and Station Operations. \u201cWe share Tidewater\u2019s values around community and a commitment to guest experience, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc.&#8221;<\/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-687728","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc. - 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\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc. WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) (\u201cGlobal\u201d or \u201cthe Partnership\u201d), one of the Northeast and mid-Atlantic\u2019s largest independent owners, suppliers, and operators of gasoline stations and convenience stores, today announced the purchase of Tidewater Convenience, Inc. (Tidewater), further expanding the Partnership\u2019s retail footprint in the mid-Atlantic region. The acquisition includes 15 locations (14 company-operated) in Southeast Virginia. \u201cWe are committed to continuing to expand by adding strategic locations to our vertically integrated network. Virginia is a key market that complements our existing portfolio,\u201d said Mark Cosenza, SVP Gasoline, Distribution and Station Operations. \u201cWe share Tidewater\u2019s values around community and a commitment to guest experience, &hellip; Continue reading &quot;Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-21T20:08:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220920006294r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc.\",\"datePublished\":\"2022-09-21T20:08:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/\"},\"wordCount\":365,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20220920006294r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-continues-expansion-in-the-mid-atlantic-region-with-acquisition-of-tidewater-convenience-inc\\\/\",\"name\":\"Global Partners Continues Expansion in the Mid-Atlantic Region with Acquisition of Tidewater Convenience, Inc. - 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