GLP
- Global Partners LP
()
Overview
Company Summary
Global Partners LP (GLP) is a company primarily engaged in the acquisition, development, and distribution of energy products. GLP operates a diverse range of assets, including wholesale and commercial distribution centers, terminals, and gasoline stations across the United States.
GLP primarily focuses on three business segments: wholesale, gasoline distribution, and commercial. In the wholesale segment, GLP sources petroleum products from various suppliers, such as major oil companies and refineries, and distributes them to numerous customers, including independent retailers, commercial users, and government agencies.
The gasoline distribution segment operates gas stations under various brand names, such as Alltown and XtraMart, primarily in the Northeast and Mid-Atlantic regions. These stations offer a wide range of fuel options, convenience store products, and services.
In the commercial segment, GLP provides fuel, energy, and logistical solutions to commercial and industrial customers. This includes supplying gasoline, diesel, heating oil, and alternative fuels to businesses in sectors such as transportation, construction, and manufacturing.
Apart from its core operations, GLP also engages in various other activities. It owns and leases real estate properties, including land and buildings associated with its operations. Additionally, GLP has a renewable energy division, which focuses on renewable fuels, such as biofuels and natural gas, as well as solar energy projects.
Overall, Global Partners LP plays a vital role in the energy sector by efficiently sourcing, distributing, and marketing energy products to meet the needs of businesses and consumers.