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Empire Petroleum Partners LP withdraws $100 million IPO following merger

November 15, 2016

Empire Petroleum Partners LP, which distributes motor fuel to over 1,300 gas stations, withdrew its plans for an initial public offering on Monday, citing market conditions. It originally filed in May 2015 with a proposed deal size of $100 million and last updated its filing in July 2015.

The Dallas, TX-based company was founded in 2014 and booked $2.4 billion in sales for the 12 months ended March 31, 2015. It had planned to list on the NYSE under the symbol EPLP. Barclays and Wells Fargo Securities were set to be the joint bookrunners on the deal.