The terminals have a combined storage capacity of 950,000 barrels, increasing Global Partners’ total storage capacity to approximately 10.2 million barrels.

“Our acquisition of these waterborne terminals is one of several recent strategic initiatives that expand our storage and supply of transportation fuels and broaden our footprint in the Northeast,” said Eric Slifka, President and Chief Executive Officer of Global Partners. “We continue to expect this transaction to be accretive to unitholders in the first 12 months of operation with improving returns over time as the business potential of these assets is further realized.”

In May, the Partnership signed an agreement with Exxon Mobil Corporation to purchase 190 Mobil branded retail gas stations in Massachusetts, Rhode Island and New Hampshire. The agreement includes the right to supply Mobil branded fuel to the stations and to an additional 31 independently owned and operated Mobil stations in the same states. The transaction is expected to be completed in 2010. In addition, Global Partners and Canadian Pacific Railway have initiated an expansion project that will add 180,000 barrels of ethanol storage capacity and rail access at the Partnership’s refined petroleum products terminal in Albany, New York. Separately, Global Partners is converting 230,000 barrels of distillate storage to gasoline storage at the Albany terminal. These projects are scheduled to be operational by year-end.