Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) today announced that it has signed a definitive agreement to acquire 100 percent of the membership interests of Alliance Energy LLC (“Alliance”), a gasoline distributor as well as a gasoline station and convenience store operator. In consideration, Global Partners will issue 5,850,000 limited partner units to Alliance’s owners and assume long-term debt of approximately $180 million. Based on Global Partners’ November 18 closing price of $19.89 per unit, the transaction has an enterprise value of approximately $296 million. The transaction is expected to be accretive in the first full year of operation. Based on the approximate $296 million value of the transaction and based on the current operating and anticipated performance of the Alliance business, as well as current and anticipated general economic, industry and market conditions, the Partnership has modeled an expected cash return, prior to financing costs, in the low-to-mid-teens in the first full year of operation. Based in Waltham, MA, Alliance’s portfolio includes 542 gasoline stations in New England, New York, New Jersey and Pennsylvania. Alliance either owns or has long term leases on 257 sites and has supply contracts for the remaining 285 sites. The stations operate under a variety of brands including Mobil, Exxon, Shell, Sunoco, Gulf and CITGO. Alliance is approximately 95 percent owned by members of the Slifka family, who also own the Partnership’s general partner, Global GP LLC. “The acquisition of Alliance significantly enhances the value of the Partnership,” said Eric Slifka, president and chief executive officer of Global Partners. “Building on the success of our 2010 acquisition of the Mobil assets, this transaction creates additional vertical integration between our supply, terminaling, wholesale business and our expanding portfolio of gas station sites. Alliance is a premier, multi-brand, independent gasoline station and convenience store operator in the Northeast. We know Alliance and its business extremely well, as they currently serve as the management company for Global’s Mobil assets. We view the company as an ideal fit for Global – strategically, operationally, geographically and culturally.