CrossAmerica Partners

CrossAmerica Partners LP is a business partnership that focuses on the distribution of fuel and convenience store operations. It is headquartered in Allentown, Pennsylvania and was founded in 2012 as the wholesale fuel distribution arm of Lehigh Gas Partners LP.
The company owns or leases more than 1,200 c-stores in 33 states across the United States. These stores operate under various banners, including BP, Exxon, Mobil, Shell, and CITGO. In addition to fuel distribution, CrossAmerica Partners also offers other services to c-store operators, such as branding and marketing support, supply agreements, and site selection assistance.
In 2016, the company completed its acquisition of CST Brands’ retail assets, which expanded its presence in the Southwest and West Coast regions. As of 2021, the company is owned and operated by the global energy company Couche-Tard, which acquired CST Brands in 2017.
CrossAmerica Partners is listed on the New York Stock Exchange under the ticker symbol CAPL. It has a diverse group of customers, including independent operators, convenience store chains, and other retail fuel outlets.
The company’s core values include customer service, operational excellence, and integrity. It also focuses on environmental sustainability and has implemented programs to reduce greenhouse gas emissions and conserve energy in its operations.
CrossAmerica Partners is committed to growth and actively seeks opportunities for strategic acquisitions and partnerships with other industry leaders. It also regularly evaluates its assets and operations to ensure efficient and effective use of resources.
In addition to its business operations, CrossAmerica Partners is also committed to giving back to the communities in which it operates. It supports local charities and organizations through donations and volunteer work.

1. Diversified Operations: CrossAmerica Partners operates in multiple sectors, including the wholesale and retail distribution of motor fuels, retail merchandise, and real estate assets. This diversification allows the company to generate revenue from multiple sources and mitigate risk.
2. Strategic Partnerships: The company has strong partnerships with major fuel suppliers, such as ExxonMobil, BP, and Shell, which give it access to a reliable supply of fuel products. It also has partnerships with retail brands, including 7-Eleven, Circle K, and Wawa, which operate under its franchise agreements.
3. Nationwide Presence: CrossAmerica Partners has a wide geographical footprint, with operations in 33 states across the United States. This allows the company to reach a large customer base and provides opportunities for expansion into new markets.
4. Stable Cash Flow: The company's business model, which includes long-term, fee-based agreements with its fuel suppliers and retail partners, provides a stable source of cash flow. This allows CrossAmerica Partners to pay consistent and growing distributions to its unitholders.
5. Strong Financial Performance: The company has a track record of strong financial performance, with steady revenue and earnings growth over the years. It also has a strong balance sheet, with low leverage and access to capital for investments and acquisitions.
6. Commitment to Sustainability: CrossAmerica Partners is committed to incorporating sustainable practices into its operations, such as implementing efficient fuel delivery systems and offering alternative fuel options. The company also focuses on reducing its carbon footprint and promoting environmental responsibility.
7. Experienced Management Team: The company's management team has extensive experience in the energy and convenience store industries, providing strategic insight and expertise to guide the company's growth and success.