Alliance Buys Mobil Stations
Published in CSP Daily News
ExxonMobil reaches agreement to sell real-estate interests for 89 Connecticut locations
BRANFORD, Conn.-- Exxon Mobil Corp. reached an agreement with Alliance Energy LLC in October to sell its real-estate interests for 89 Mobil-branded retail stations located in Connecticut, the major oil company has confirmed. Twelve dealer-owned locations will be assigned to Alliance Energy as part of this sale.
"ExxonMobil is committed to making this conversion as smooth as possible," Kristen A. Hellmer, a spokesperson for Irving, Texas-based ExxonMobil, told CSP Daily News. "We don't expect this change to impact our customers, and they will continue to be able [image-nocss] to purchase the same high-quality Mobil products."
In early October, Global Partners LP outsourced the day-to-day management and operations of 221 locations to Alliance Energy LLC. Waltham, Mass.-based Global, a major wholesale distributor of gasoline, distillates and residual oil in the New England states and New York, announced in September the closing of the initial phase of the purchase from Irving, Texas-based ExxonMobil of 190 Mobil-branded gas stations and gasoline and diesel supply rights for 31 stations owned and operated by independent Mobil dealers in Massachusetts, New Hampshire and Rhode Island. (Click here for previous CSP Daily News coverage.)
Alliance Energy, with offices in Branford, Conn., and Waltham, Mass, is one of the largest petroleum marketing distributors in New England. It distributes gasoline and diesel through a network of company-owned gas stations and convenience stores as well as a network of independently owned stations. It distributes fuel through approximately 500 locations in seven states, from Maine to Pennsylvania. The c-stores include Fast Freddie's and Mr. Mike's, both wholly owned subsidiaries, and Mobil On The Run. And it distributes a variety of gasoline brands, which include, Exxon, Mobil, Sunoco, Shell, CITGO and Gulf. It also offers unbranded fuel under the Global flag. Alliance Energy is more than 95%-owned by the Slifka family and also is affiliated with Global Partners, which is led by CEO Eric Slifka.