---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001856"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:49:40.231732+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Global Partners LP completes $305.8M acquisition of 25 liquid energy terminals from Motiva

## Summary
- Purchased 25 terminals from Motiva for $305.8M cash, funded via revolving credit facility.
- Acquisition nearly doubles operating footprint; now owns/leases 49 terminals with ~18.3M barrels shell capacity.
- Includes 25-year take-or-pay throughput agreement with Motiva with minimum annual revenue commitments.
- Expected EBITDA multiple below 7.0x in second year of ownership; expands access to key pipelines and marine network.

## SEC filing metadata
- accession: 0001157523-23-001856
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/0001157523-23-001856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/a53873973.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001856
- JSON: https://secwatch.observer/filing/0001157523-23-001856.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001856.txt

## Key facts
- M&A Transactions
  GLOBAL PARTNERS LP completed an acquisition involving Motiva Enterprises LLC for $305.8 million (closed 2023-12-21).
  - Action: acquisition
  - Counterparty: Motiva Enterprises LLC
  - Consideration: $305.8 million
  - Closing: 2023-12-21
  source text: Global Companies LLC will receive minimum annual revenue commitments throughout the term of the MTSA. The purchase-price, subject to post-closing adjustments, was approximately $305.8 million. The Acquisition was funded with borrowings under the Partnership’s revolving credit facility. At the closing, the Partnership assumed certain liabilities and obligations of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/0001157523-23-001856-index.htm

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