---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-024571"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:57:43.171651+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica closes $27.5M acquisition of Community Service Stations assets

## Summary
- Purchase price of $27.5M plus working capital for wholesale fuel supply contracts in Greater Boston.
- Acquired assets include ~75M gallons annually across 38 dealer-owned, 35 subjobber, and 2 commission locations.
- Financed with cash on hand and undrawn revolver capacity; expected to be immediately accretive to distributable cash flow.
- Supply contracts include brands such as Exxon Mobil, Shell, and Gulf.

## SEC filing metadata
- accession: 0000950170-22-024571
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017022024571/0000950170-22-024571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017022024571/capl-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-024571
- JSON: https://secwatch.observer/filing/0000950170-22-024571.json
- Plain text: https://secwatch.observer/filing/0000950170-22-024571.txt

## Key facts
- Material Agreements
  CrossAmerica Partners LP amended Amendment with Citizens Bank, N.A., as administrative agent, and the lenders party thereto (effective 2022-11-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2022-11-09
  source text: On November 9, 2022, CrossAmerica Partners LP (the “Partnership”), in connection with its acquisition (such acquisition, the “CSS Acquisition”) of certain assets of Community Service Stations, Inc. (“CSS”) pursuant to an Asset Purchase Agreement, dated as of August 23, 2022, among CSS, as seller, and LGP Realty Holdings LP, Lehigh Gas Wholesale LLC, and Lehigh Gas Wholesale Services, Inc. (“Services”), as buyers, entered into an amendment (the “Amendment”) to the Partnership’s Credit Agreement, dated as of April 1, 2019 (as previously amended, the “Credit Agreement”), among the Partnership and Services, as borrowers, the guarantors from time to time party thereto, the lenders from time to time party thereto and Citizens Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017022024571/0000950170-22-024571-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.