Global Partners to Acquire Retail Fuel and Jiffy Mart Convenience Store Assets in Vermont and New Hampshire from Champlain Oil Company

WALTHAM, Mass.–(BUSINESS WIRE)–Global Partners LP (NYSE: GLP) today announced the signing of an
agreement to purchase the retail fuel and convenience store assets of
Vermont-based Champlain Oil Company, Inc.

The acquisition includes 37 company-operated gas stations with Jiffy
Mart-branded convenience stores in Vermont and New Hampshire, and
approximately 24 fuel sites that are either owned or leased including
lessee dealer and commission agent locations. The transaction also
includes fuel supply agreements for approximately 70 gas stations,
primarily in Vermont and New Hampshire. The stations market major fuel
brands such as Mobil, Shell, Citgo, Sunoco and Irving.

ÔÇ£Building on our skill as a strategic acquirer, this acquisition is an
excellent fit for Global, expanding our retail business into Vermont and
growing our presence in New Hampshire,ÔÇØ said Global Partners President
and CEO Eric Slifka. ÔÇ£Jiffy Mart is an established brand with locations
along high-traffic routes throughout northern New England. The
acquisition benefits from our vertically integrated model, providing
additional volume to our strategically situated terminals including
those in Burlington, Vermont and Albany, New York. We are very excited
about adding retail facilities to our portfolio and expect the
transaction to be accretive within the first full year of operations.ÔÇØ

The purchase is expected to close in the third quarter of 2018 and is
subject to regulatory approvals and other customary closing conditions.

About Global Partners LP

Global Partners is a midstream logistics and marketing master limited
partnership that owns, controls or has access to one of the largest
terminal networks of petroleum products and renewable fuels in the
Northeast. With approximately 1,500 locations, primarily in the
Northeast, Global is one of the largest regional independent owners,
suppliers and operators of gasoline stations and convenience stores.
Global is also one of the largest distributors of gasoline, distillates,
residual oil and renewable fuels to wholesalers, retailers and
commercial customers in New England and New York. The Partnership is
also engaged in the transportation of petroleum products and renewable
fuels by rail from the mid-continental U.S. and Canada. For additional
information, visit www.globalp.com.

Forward-looking Statements

Certain statements and information in this press release may constitute
ÔÇ£forward-looking statements.ÔÇØ The words ÔÇ£believe,ÔÇØ ÔÇ£expect,ÔÇØ
ÔÇ£anticipate,ÔÇØ ÔÇ£plan,ÔÇØ ÔÇ£intend,ÔÇØ ÔÇ£foresee,ÔÇØ ÔÇ£should,ÔÇØ ÔÇ£would,ÔÇØ ÔÇ£couldÔÇØ or
other similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. These
forward-looking statements are based on Global PartnersÔÇÖ current
expectations and beliefs concerning future developments and their
potential effect on the Partnership. While management believes that
these forward-looking statements are reasonable as and when made, there
can be no assurance that future developments affecting the Partnership
will be those that it anticipates. All comments concerning the
PartnershipÔÇÖs expectations for future revenues and operating results are
based on forecasts for its existing operations and do not include the
potential impact of any future acquisitions. Forward-looking statements
involve significant risks and uncertainties (some of which are beyond
the PartnershipÔÇÖs control) and assumptions that could cause actual
results to differ materially from the PartnershipÔÇÖs historical
experience and present expectations or projections.

For additional information regarding known material factors that could
cause actual results to differ from the PartnershipÔÇÖs projected results,
please see Global PartnersÔÇÖ filings with the SEC, including its Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. The Partnership
undertakes no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as a
result of new information, future events or otherwise.

Contacts

Global Partners LP
Daphne H. Foster, 781-894-8800
Chief
Financial Officer
or
Edward J. Faneuil, 781-894-8800
Executive
Vice President, General Counsel and Secretary