Announced
Completed
Financials
Tags
Oil Refining and Marketing
Public
Single Bidder
United States
Acquisition
Majority
Friendly
petroleum wholesaler
Completed
Synopsis
Joe Topper, CrossAmerica Partners founder, completed the acquisition of Couche-Tard's stake in CrossAmerica Partners, a distributor of branded and unbranded petroleum for motor vehicles in the United States. Financial terms were not disclosed. “At this time, we anticipate maintaining our current distribution policy, distribution coverage and leverage ratio targets that have been outlined over the past few quarters. I am excited for the future of the Partnership. In the coming weeks and months, I and the management team look forward to sharing in more detail with our unitholders our strategy and goals for CrossAmerica,” Joe Topper, CrossAmerica newly appointed Chairman of the Board of Directors and General Partner.
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