GPM Petroleum LP Filed, US Offering, NYSE: GPMP

Distributes motor fuel to over 900 convenience stores operated by GPM Investments.

Industry: Energy

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Industry: Energy

We are a growth-oriented LP formed by GPM to engage in the wholesale distribution of motor fuels on a fixed fee per gallon basis to GPM-controlled convenience stores and third parties. GPM ranks within the top ten US convenience store chains by store count and sells motor fuel, merchandise, food, beverages and other products and services to retail customers in the Mid-Atlantic, Southeastern, Midwestern and Northeastern US. GPM is obligated to purchase all of its motor fuel from us under 10-year wholesale motor fuel distribution agreements. We believe we are one of the largest independent motor fuel distributors by number of convenience stores in the US, the largest distributor of Valero-branded motor fuel on the East Coast and the third largest distributor of Valero-branded motor fuel in the US. In addition, we receive rental income from real estate that we own and lease to third parties.
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IPO News for GPM Petroleum LP
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IPO Data
IPO File Date 04/28/2017
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
Underwriters
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Company Data
Headquarters Richmond, VA
Founded 2003
Employees
Website gpminvestments.com