Global Partners

Global Partners is an international energy and logistics company that operates in the United States and around the world. The company was founded in 1938 as Global Petroleum Corporation and has since expanded its operations to include transportation, storage, distribution, and marketing of various energy products including gasoline, diesel, heating oil, and crude oil.
The company has a large network of owned and leased terminals, pipelines, and storage facilities across North America, allowing them to efficiently transport and distribute energy products to meet the demands of their customers.
In addition to their energy operations, Global Partners also has a significant presence in the convenience store and retail gasoline business. The company owns and operates over 1,500 retail gas stations and convenience stores across the United States, under various brands including Alltown, XtraMart, Mobil, and Sunoco.
Global Partners is committed to sustainability and has implemented several initiatives to reduce their environmental impact, including investing in renewable energy projects and implementing sustainable business practices.
The company is headquartered in Waltham, Massachusetts and has over 1,600 employees worldwide. Global Partners has been recognized for its growth and success, making it to the Fortune 500 list in 2021. They are also a publicly traded company and their stock is listed on the New York Stock Exchange under the ticker symbol "GLP."

1. International Presence: The company has a strong global presence with operations in several countries, including the United States, Canada, Mexico, Brazil, China, and India.
2. Diverse Product Portfolio: Global Partners offers a wide range of products and services, including fuel, transportation, logistics, and marketing for businesses and consumers.
3. Strategic Partnerships: The company has established strategic partnerships with major oil companies, transportation providers, and other suppliers to enhance its global reach and offer a comprehensive portfolio of products and services.
4. Innovation: Global Partners is committed to innovation and constantly seeks new ways to improve its processes, products, and services to better serve its customers.
5. Strong Financial Performance: The company has a track record of strong financial performance and has consistently delivered positive results for its shareholders.
6. Sustainability: Global Partners takes a proactive approach towards sustainability and has implemented various initiatives to reduce its environmental impact, such as investing in renewable energy and utilizing cleaner fuels.
7. Community Involvement: The company is dedicated to giving back to the communities in which it operates through various philanthropic initiatives and charitable contributions.
8. Commitment to Safety: Global Partners prioritizes the safety of its employees, customers, and the community, and has implemented rigorous safety measures and training programs.
9. Employee Development: The company values its employees and provides them with opportunities for professional and personal development through training, mentorship programs, and career advancement opportunities.
10. Strong Corporate Culture: Global Partners has a strong corporate culture based on its core values of integrity, teamwork, respect, and excellence, which guides its business operations and decision-making processes.

The Global Partners company operates as a midstream logistics and marketing company. Its business model revolves around the storage, distribution, and marketing of petroleum products, including gasoline, diesel, and heating oil. The company earns revenue through transportation, storage, and wholesale distribution of these products to various customers including independent retail service stations, public utilities, trucking companies, and other major petroleum marketers. It also earns revenue through its gas station and retail convenience store operations. The company operates a network of approximately 1,500 gas stations and over 300 retail convenience stores in the Northeastern United States. Additionally, Global Partners also provides terminaling, trucking, and other associated services to major oil companies and refineries. Its business model is driven by long-term relationships with key suppliers and customers, a geographically diverse portfolio of assets, and a disciplined approach to capital deployment geared towards generating sustainable free cash flow growth.

1. Global Partners is an American gas station, convenience store, and home heating oil company headquartered in Waltham, Massachusetts.
2. The company was founded in 1933 as a single gas station in Worcester, Massachusetts.
3. Today, Global Partners has over 1,500 locations in 30 states across the United States.
4. The company operates under several brand names including Alltown, XtraMart, and Mobil.
5. Global Partners is one of the largest wholesale distributors of gasoline, distillates, residual oil, and renewable fuels in the Northeastern United States.
6. In addition to retail operations, the company also owns and operates 25 bulk storage terminals and has ownership interests in four ethanol production facilities.
7. Global Partners has been recognized for its commitment to sustainability and has been named one of the Most Sustainable Companies in America by Forbes magazine.
8. The company has also been recognized for its philanthropic efforts, supporting various charitable organizations and initiatives in the communities where it operates.
9. In 2018, Global Partners was ranked #15 on the Fortune 500 list of largest companies in the United States.
10. The company has faced controversy in the past for its acquisition of oil and gas storage and transportation assets from bankrupt companies, leading to concerns about environmental impacts and safety risks.
11. Despite its name, Global Partners does not have any international operations and operates exclusively within the United States.
12. In 2020, the company announced its goal to reduce greenhouse gas emissions from its operations by 20% by 2025.
13. Global Partners has a diverse workforce with employees from over 30 different countries.
14. The company has a strong focus on community involvement and encourages its employees to volunteer and give back to the communities where they live and work.
15. Global Partners has won numerous awards and recognitions for its business practices, including being named as one of the Best Places to Work by the Boston Business Journal.
See Company Due Diligence: