secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0000950170-22-017734
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022017734/0000950170-22-017734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022017734/capl-20220823.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017734

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