Who Owns Global Partners?
Global Partners is the corporate brand of Global Partners LP (NYSE: GLP), a publicly traded master limited partnership headquartered in Waltham, Massachusetts. No parent company owns it. The partnership operates one of the largest independent gasoline station and convenience store networks in the Northeast and a terminal system spanning Maine to the Gulf States.
Parent Company
Founded
1933
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns Global Partners?
- Parent Company: Global Partners LP
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: GLP
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Global Partners | Global Partners LP | Brand division |
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History of Global Partners
- Founded: 1933
- Founders: Abraham Slifka
Abraham Slifka founded the business in Boston in 1933, delivering fuel oil to local homes and businesses. His son Alfred built out the wholesale distribution side through the postwar decades, and Eric Slifka joined the company in the 1980s as the third generation entered leadership.
The modern partnership took shape in 2005, when the company formed Global Partners LP as a master limited partnership and listed it on the NYSE. Public capital then funded a long acquisition program: the 2012 purchase of Alliance Energy for approximately $555 million, which added a major station and store network in New York and New Jersey; the 2013 Cascade Kelly deal for a West Coast crude-by-rail terminal; the 2015 acquisition of Gulf Oil Limited Partnership for approximately $212 million, which brought the Gulf brand rights in New England; and the 2017 purchase of 33 Honey Farms sites for about $36 million.
The largest step came in 2023, when Global acquired 25 liquid energy terminals from Motiva Enterprises for $313.2 million under a 25-year take-or-pay throughput agreement, nearly doubling its storage capacity and extending its reach to the Gulf States. That same year it formed Spring Partners Retail LLC with ExxonMobil and acquired 64 Houston-area Timewise stores, which Global now operates under the Honey Farms banner.
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About Global Partners LP
What does Global Partners own?
Global Partners owns 54 liquid energy terminals, approximately 1,500 owned, leased, or supplied gasoline stations, and nearly 300 company-operated convenience stores under banners including Alltown, Honey Farms, and Jiffy Mart.
Is Global Partners a corporation or a partnership?
Global Partners is a master limited partnership listed on the NYSE under ticker GLP. Investors buy units rather than shares, and the Slifka family controls the business through the general partner, Global GP LLC.
When was Global Partners founded?
Abraham Slifka founded the business in Boston in 1933 as a fuel oil distributor. The master limited partnership was formed in 2005, when it also completed its initial public offering.
Who owns Alltown and Honey Farms stores?
Both banners are owned and operated by Global Partners LP. Alltown is the company's flagship Northeast convenience store brand, while Honey Farms is a Worcester-area heritage banner that now also covers rebranded stores in Houston.
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What is Spring Partners Retail?
Spring Partners Retail LLC is a joint venture between Global Partners and ExxonMobil formed in 2023. It owns 64 former Timewise convenience and fueling locations in the Houston area, which Global operates under the Honey Farms banner.
How does Global Partners make money?
The partnership earns margin at three levels: wholesale fuel distribution and terminal fees, retail fuel and merchandise sales at its own stations, and commercial bulk fuel sales. Because revenue swings with fuel prices, investors track EBITDA and distributable cash flow.
- Founded: 1933
- Headquarters: Waltham, Massachusetts, USA
- Company Type: Publicly Traded
- Stock: NYSE: GLP
- Revenue: approximately $17.2 billion (FY2024)
- Employees: approximately 3,800
Where Is Global Partners Made / Based?
- Headquarters: Waltham, Massachusetts, USA
- Manufacturing / Operations: United States
Global Partners Categories & Tags
Brands Owned by Global Partners LP
Retail EcommerceAlltown
Owned by Global Partners LP
Flagship convenience store banner of Global Partners LP, operating locations across the Northeast and Mid-Atlantic with the Alltown Fresh food-forward format.
convenience-storesgas-stationsretail
Retail EcommerceHoney Farms
Owned by Global Partners LP
Worcester, Massachusetts convenience store brand owned by Global Partners LP, with roots to the 1920s and a growing footprint in Houston since 2024.
convenience-storesgas-stationsretail
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Global Partners Ownership: Pros & Cons
Advantages
- +Vertical integration from terminal to pump captures multiple margins
- +Dense Northeast footprint drives logistics efficiency
- +Stable distributable cash flow supports the MLP payout
- +Three generations of consistent family leadership
Considerations
- -Long-term gasoline demand decline threatens the core product
- -Fuel price swings create revenue and working capital volatility
- -MLP structure complicates the investor base
- -Heavy regional concentration limits geographic diversification
Frequently Asked Questions About Global Partners
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Sources & Further Reading
Competitors to Global Partners
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Energy Transfer | USA | 1886 | Market leader | United states | All-consumers | |
| Global Partners | USA | 2012 | Mass market | Regional | All Genders | |
| Chs | USA | 1983 | Mass market | United states | All Genders | |
| Phillips 66 | USA | 1875 | Mass market | United states | All Genders | |
| Exxon Mobil | USA | 1972 | Mass market | Global | All-ages | |
| Marathon Petroleum | USA | 1930 | Mass market | United states | All Genders |
Learn More About Competitors
Energy UtilitiesSunoco
Owned by Energy Transfer LP
Sunoco LP is a fuel distribution and infrastructure master limited partnership majority-controlled by Energy Transfer, which acquired Parkland Corporation in October 2025.
fuel-distributiongas-stationsconvenience-stores
Retail EcommerceAlltown
Owned by Global Partners LP
Flagship convenience store banner of Global Partners LP, operating locations across the Northeast and Mid-Atlantic with the Alltown Fresh food-forward format.
convenience-storesgas-stationsretail
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Energy UtilitiesConoco
Owned by Phillips 66
Conoco is a historic American fuel brand owned by Phillips 66, fronting branded gas stations primarily in the western and midwestern United States.
fuelgasolinepetroleum
Energy UtilitiesExxon
Owned by Exxon Mobil Corporation
American petroleum fuel brand providing gasoline and diesel products globally, owned by Exxon Mobil Corporation (NYSE: XOM), one of the world's largest integrated energy companies.
fuelgasolinepetroleum
Energy UtilitiesMarathon
Owned by Marathon Petroleum Corporation
Marathon is the flagship fuel brand of Marathon Petroleum, fronting nearly 7,900 independently operated branded outlets across 40 states, DC, and Mexico.
fuelgasolinepetroleum
Competitive Analysis
Market Positioning: Global Partners competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Global Partners
Looking for brands with different ownership structures? These similar brands are not owned by Global Partners LP, giving you alternative choices that support different corporate structures.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike Global Partners which is under a publicly traded parent company.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike Global Partners which is under a publicly traded parent company.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike Global Partners which is under a publicly traded parent company.
Energy UtilitiesJSW Energy
Owned by JSW Group
JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.
renewable-energysolarwind
Privately Owned
JSW Energy is privately owned, unlike Global Partners which is under a publicly traded parent company.
Energy UtilitiesOccidental Petroleum (Oxy)
Owned by Occidental Petroleum Corporation
Oil and gas brand of Occidental Petroleum Corporation, producing crude and natural gas across the Permian Basin, Gulf of America, and the Middle East.
oil-and-gasenergypermian-basin
Publicly Traded
Occidental Petroleum (Oxy) operates independently without a large parent corporation.
Energy UtilitiesPhillips 66
Owned by Phillips 66
Phillips 66 is the flagship fuel marketing brand of the downstream energy company of the same name, fronting about 7,620 branded US outlets alongside Conoco and 76.
fuelgasolinepetroleum
Publicly Traded
Phillips 66 operates independently without a large parent corporation.
Global Partners LP Stock Information
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