Consumers Petroleum of Connecticut Inc.
Consumers Petroleum of Connecticut Inc. has been acquired by Global Partners
Wheels of CT, Inc. operated as a leading, full-service retail fuel and convenience company based in Milford, Connecticut. The Company traced its roots back to 1936, when it first engaged in propane and petroleum distribution and operating service stations in Fairfield county. The Company changed its name to Consumers Petroleum of Connecticut Inc. and has expanded its footprint growing the business to 26 retail locations throughout Fairfield and New Haven counties, all under the Wheels brand name. The Company also operated 22 wholesale dealer accounts in Connecticut, New York and New Jersey. Consumers Petroleum generates approximately $100m+ of revenue
After a disciplined auction process, Global Partners was ultimately selected as the acquirer. Global, an $11 billion revenue NYSE-listed fuel marketing company, is one of the Northeast US’s largest independent owners, suppliers and operators of gasoline stations and convenience stores, tallying more than 1,600 total locations.
Global Partners
Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing founder-led and family-held businesses valued between $25 million and $250 million. While CMG provides a full range of investment banking services, our primary focus is representing owners who are pursuing their once-in-a-lifetime M&A transactions. CMG specializes in advising leading companies in niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. CMG fully understands and appreciates the unique dynamics of closely-held businesses and the importance of owner legacies. For 35 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners.
203-349-8372
mcarter@cartermorse.com
http://www.cartermorse.com