Global Partners LP has completed the previously announced acquisition of Alliance Energy LLC, a gasoline distributor and operator of gasoline stations and convenience stores. In consideration, Global Partners issued 5,850,000 limited partner units and assumed long-term debt, subject to post-closing adjustments, of approximately $180 million.

Alliance's portfolio includes approximately 540 gasoline stations in New England, New York, New Jersey and Pennsylvania. Alliance owns or has long-term leases on approximately 253 sites and has supply contracts for the remaining stations.

In conjunction with the closing, Alliance President Andrew Slifka has joined Global Partners as President of the Partnership's service station, C-store and related supply division. In addition, he will become a member of the Board of Directors of Global GP LLC in the second quarter of 2012

Tags: Global Partners LP