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Waltham firm will buy Mobil stations

Nearly 200 gas stations in New England being bought by Global Partners, of Waltham, will remain under the Mobil brand. Nearly 200 gas stations in New England being bought by Global Partners, of Waltham, will remain under the Mobil brand. (Toby Talbot/ Associated Press/ File 2009)
Associated Press / May 26, 2010

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WALTHAM — Global Partners LP said yesterday that it has agreed to purchase 190 retail gasoline stations in three Northeastern states from ExxonMobil Corp. for $200 million in a move to expand its wholesale supply business.

Under terms of the agreement, Global Partners will get the right to supply Mobil-branded fuel to those stations and another 31 Mobil stations owned and operated by independent dealers. All stations will remain under the Mobil brand.

The stations are in Massachusetts, Rhode Island, and New Hampshire.

Global Partners’ chief executive, Eric Slifka, said: “We believe that the strategic value of this transaction comes from the significant new stream of income we expect to generate by supplying these 221 locations.

Global Partners said ExxonMobil employees whose positions may be affected by the sale will be offered jobs by it or Alliance Energy.