ARKO Petroleum To Acquire Great Lakes Region Fuel Distributor U.S. Petroleum Partners; Terms Not Disclosed
Benzinga Newsdesk 2 months ago
M&ANews
Expected to Increase Annual Fuel Volumes by Approximately 14%1 by Adding More Than 400 Wholesale Locations to Expand the Company’s Network to More Than 2,500 Wholesale Locations.Expected to Enhance Vertical Integration
- Expected to Increase Annual Fuel Volumes by Approximately 14%1 by Adding More Than 400 Wholesale Locations to Expand the Company’s Network to More Than 2,500 Wholesale Locations.
- Expected to Enhance Vertical Integration and Fee-Based Earnings Streams with the Addition of Two Fuel Terminals and the Expansion of ARKO Petroleum Corp.'s Transportation Capabilities.
- Expected to be Accretive Following the Closing to Adjusted EBITDA and Discretionary Cash Flow.