Capitol Petroleum Group Sells Portfolio to Global Partners for $156M

Capitol Petroleum Group (CPG) announced the sale today of a large portion of its portfolio to Global Partners LP

. 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 &