CrossAmerica to acquire 75M-gallon wholesale fuel supply portfolio in Boston area from Community Service Stations

CrossAmerica Partners LP

Acquisition includes wholesale fuel supply contracts to 39 dealer-owned locations, 34 subjobber accounts, and 2 commission locations.
Supply contracts cover approximately 75 million gallons annually under Exxon Mobil, Shell, Gulf, and other brands.
Transaction expected to close in Q4 2022, subject to customary conditions.
Acquisition to be financed with cash on hand and/or undrawn revolving credit; expected immediately accretive to distributable cash flow.
CEO Charles Nifong cites expansion in New England market and strengthened supplier relationships.

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