CrossAmerica Announces the Closing of Acquisition of Assets of Community Service Stations
Allentown, PA , Nov. 10, 2022 (GLOBE NEWSWIRE) -- CrossAmericaAnnounces the Closing of Acquisition of Assets of Community Service Stations
- CrossAmericaacquires wholesale fuel supply portfolio in the Greater Boston area
- Approximately 75 million gallons across the supply contracts
ALLENTOWN, PA, November 10, 2022 – CrossAmerica Partners LP (NYSE: CAPL) announced today that it has completed the previously announced agreement to acquire certain assets of Community Service Stations for a purchase price of $27.5 million plus working capital .
The assets consist of wholesale fuel supply contracts to 38 dealer owned locations, 35 subjobber accounts and two commission locations (1 fee based and 1 lease). The supply contracts include approximately 75 million gallons of fuel annually through such fuel brands as Exxon Mobil, Shell, Gulf and others.
The acquisition was financed with cash on hand and undrawn capacity under the CrossAmerica revolving credit facility. The Partnership expects the acquisition to be immediately accretive to distributable cash flow to limited partners.
Matrix Capital Markets Group, Inc. served as the exclusive financial advisor to Community Service Stations, Inc.
About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,750 locations and owns or leases approximately 1,150 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained in this release that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “estimates,” “target” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica’s Form 10-K or Forms 10-Q filed with the Securities and Exchange Commission, and available on CrossAmerica’s website at www.crossamericapartners.com. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Randy Palmer, 210-742-8316
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Intern viden - Præcisering af forventninger for 20234.12.2023 18:21:59 CET | pressemeddelelse
SELSKABSMEDDELELSE Odense, 4. december 2023 Selskabsmeddelelse nr. 45 – 04.12.2023 Intern viden - Præcisering af forventninger for 2023 Danish Aerospace Company A/S (DAC) har tidligere, for regnskabsåret 2023, udmeldt en forventet omsætning i niveauet DKK 24 - 26 mio. og et positivt driftsresultat (EBITDA) i niveauet DKK 3 - 4 mio. I forbindelse med halvårsregnskabet for 2023, orienterede Selskabet om forventninger mod den lavere ende i forhold til både omsætning og driftsindtjening (EBITDA). Forsinkelse i indgåelse af et par større kommende ESA-kontrakter og kontrakttilføjelser, bl.a. til Gaintex, gør at DAC nu forventer en omsætning for regnskabsåret 2023 lige under den lave ende af det tidligere udmeldte interval, i størrelsesordenen DKK 23 mio. Endvidere, forventes DAC’s EBITDA for 2023 at ligge omkring DKK 1 mio. For yderligere oplysninger: Danish Aerospace Company A/S: Bestyrelsesformand Niels Heering Mobil: +45 40 17 75 31 Mail: email@example.com Thomas A.E. Andersen, C
Insider information - Clarification of expectations for 20234.12.2023 18:21:59 CET | Press release
COMPANY ANNOUNCEMENT Odense, December 4th, 2023 Company Announcement no. 45 – 12.04.2023 Insider information - Clarification of expectations for 2023 Danish Aerospace Company A/S (DAC) has previously, for its 2023 Financial Year, announced an expected revenue in the range of DKK 24-26 million and a positive operating profit (EBITDA) in the range of DKK 3-4 million. In connection with the 2023 Interim report, DAC briefed the market on expectations in the lower end compared to both revenue and operating profit (EBITDA). Delays in signing a couple of larger future European Space Agency contracts and contract additions, among them GAINTEX, lead to DAC now expecting a revenue for the Fiscal year 2023 to be in the range of DKK 23 million, just below the lower end of the formerly announced expectation. Further, it is expected that DAC’s EBITDA for 2023 will be in the range of DKK 1 million. For further information: Danish Aerospace Company A/S: Chairman of the Board of Directors Niels Heering
Iveco Group: periodic report on the buyback program4.12.2023 17:50:00 CET | Press release
Turin, 4th December 2023. Iveco Group N.V. (EXM: IVG) announces that, under the ongoing initial tranche of the common share buyback program announced on 14th April 2023, the Company completed on a daily basis, starting from 27th November 2023 to 1st December 2023 the following transactions: DateNumber of repurchased Common SharesAverage net price (euro)Total net consideration (euro)27 November 202337,8007.2557274,266.1228 November 202338,3007.3074279,872.2029 November 202337,3007.4251276,956.9630 November 202336,9007.4309274,201.681 December 202336,6007.5204275,245.06Total186,9007.38651,380,542.03 An overall overview of the purchases carried out under the current share buyback program as well as the details of the above transactions, are available on the Company’s corporate website at the following address: https://www.ivecogroup.com/investors/stock_information/share_buyback. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to adv
AB Linas Agro Group: notification on disposal of voting rights4.12.2023 17:34:50 CET | Press release
AB Linas Agro Group, ISIN code LT0000128092 (hereinafter - the Company), received notification from UAB “INVL Asset Management” on the disposal of voting rights (enclosed). Additional information: Mažvydas Šileika, Finance Director of AB Linas Agro Group Mob. +370 619 19 403 E-mail firstname.lastname@example.org Attachment Notification on disposal of block of shares_UAB INVL Asset Management
Innofactor Plc: Share Repurchase 4.12.20234.12.2023 17:30:00 CET | Press release
Innofactor Plc Announcement 4.12.2023Innofactor Plc: Share Repurchase 4.12.2023In the Helsinki Stock ExchangeTrade date 4.12.2023Bourse trade BuyShare IFA1VAmount 4,700SharesAverage price/ share 1.1600EURTotal cost 5,452.00EURInnofactor Plc now holds a total of 566 529 sharesincluding the shares repurchased on 4.12.2023On behalf of Innofactor PlcNordea Bank OyjJanne Sarvikivi Sami HuttunenAdditional information:Sami Ensio, CEOInnofactor PlcTel. +358 50 584 email@example.com Attachment Innofactor_4.12_trades