Global Partners completed the acquisition of 25 liquid energy terminals from Motiva for $306m.

Global Partners, an integrated storage, distribution and retail liquid energy company, completed the acquisition of 25 liquid energy terminals from Motiva, a company that operates as a wholly owned US subsidiary of Saudi Aramco, for $306m. “This acquisition nearly doubles our operating footprint, giving Global a significant position from Maine to Florida and into the Gulf Coast. The addition of these terminals supports the growth of our integrated supply, storage and retail network in rapidly growing areas of the country—Florida, Georgia, Texas and the Carolinas—providing customers with gasoline, diesel and other liquid fuels essential to their daily lives,” Eric Slifka, Global Partners President and CEO.