Capitol Petroleum Group (CPG) announced the sale today of a large
portion of its portfolio to Global Partners LP GLP. The $156
million deal includes 97 Mobil- and Exxon-branded retail gas stations
and seven dealer supply contracts in New York City and Prince George's
County, Md.
The portfolio includes 51 retail locations and seven dealer supply
accounts in New York City and 46 retail locations in the
Maryland/Washington, D.C., market. In 2014, these assets sold
approximately 125 million gallons of fuel. In New York, 45 of the
locations are dealer-leased locations and six are commission agents,
while in Maryland there are 41 dealer-leased locations and five
commission agents. The Raymond James Convenience Store &
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