Global Partners LP (Partnership) is a master limited partnership engaged in the wholesale and commercial distribution of refined petroleum products, and provides ancillary services to companies domestically, and on a limited basis, internationally. The Company’s business is divided into two segments: Wholesale and Commercial. The Wholesale segment includes sales of gasoline, distillates and residual oil to resellers of transportation fuels, home heating oil retailers and wholesale distributors. The Commercial segment includes sales of unbranded gasoline, home heating oil, diesel, kerosene and residual oil to customers in the public sector and to large commercial and industrial customers, primarily either through a competitive bidding process or through contracts of various terms. This segment also purchases, custom blends, sells and delivers bunker fuel and diesel to cruise ships, bulk carriers and fishing fleets generally by barges.
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