Global Partners Completes Acquisition of Majority Interest in Basin Transload LLC

  Global Partners Completes Acquisition of Majority Interest in Basin
  Transload LLC

    - Facilities Provide 160,000 Barrels per Day of Rail Loading Capacity

 - Transaction Establishes Crude Oil Supply, Logistics and Marketing Platform
                           to East and West Coasts

Business Wire

WALTHAM, Mass. -- February 4, 2013

Global Partners LP (NYSE: GLP) today announced the completion of its
previously announced acquisition of a 60% membership interest in Basin
Transload LLC (“Basin Transload”), which operates two crude oil transloading
facilities in Columbus and Beulah, North Dakota with a combined rail loading
capacity of 160,000 barrels per day. The purchase price, subject to
post-closing adjustments, was approximately $85 million, which Global financed
through an increase in its credit facility.

“Basin Transload provides us with strategically located assets in the Bakken
region,” said Eric Slifka, Global’s president and chief executive officer.
“The facilities are in close proximity to key suppliers and producers in this
high-growth area. Together, these facilities help form a network of unique
origin and destination locations through which our customers can efficiently
supply cost-competitive crude oil to destinations on the East and West

“The transaction complements our recently announced agreement to purchase a
West Coast crude oil transload and ethanol facility near Portland, Oregon,”
Slifka added. “That facility is linked via the BNSF Railway to the Beulah
facility, where Basin Transload is constructing a 140,000 barrel tank and
truck offloading rack to support crude oil production in the Williston Basin.
Our Albany, NY terminal is connected via single line haul on Canadian Pacific
to Basin Transload’s Columbus location, where we own and operate a 100,000
barrel storage tank and truck offloading rack.”

“By directly addressing the lack of infrastructure in high-growth energy
regions of the country, we are creating new opportunities to increase volume
and margins by providing a wide range of value-added services, including
leases, to producers and refiners,” Slifka concluded.

The Basin Transload operations are expected to be accretive in the first full
year of operation, based on their current and anticipated future performance
as well as economic and market conditions.

About Global Partners LP

A publicly traded master limited partnership, Global Partners LP is a
midstream logistics and marketing company. Global is a leader in the logistics
of transporting Bakken and Canadian crude oil and other energyproducts via
rail, establishing a ‘virtual pipeline’ from the mid-continent region of the
U.S. and Canada to refiners and other customers on the East and West
coasts.Global owns, controls or has access to one of the largest terminal
networks of petroleum products and renewable fuels in the Northeast, and is
one of the largest wholesale distributors of gasoline, distillates,residual
oil and renewable fuels to wholesalers, retailers and commercial customers
inNew England and New York. With a portfolio of approximately 1,000 locations
in nine states, the Partnership is also one of the largest independent owners,
suppliers and operators of gasoline stations and convenience stores in the
Northeast. Global is No. 182 in the Fortune 500 list of America’s largest

Forward-looking Statements

Some of the information contained in this news release may contain
forward-looking statements. Forward-looking statements include, without
limitation, any statement that may project, indicate or imply future results,
events, performance or achievements, and may contain the words “may,”
“believe,” “should,” “could,” “expect,” “anticipate,” “plan,” “intend,”
“estimate,” “will likely result,” or other similar expressions. In addition,
any statement made by Global Partners LP’s management concerning future
financial performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects and possible actions by Global
Partners LP or its subsidiaries are also forward-looking statements.

Although Global Partners LP believes these forward-looking statements are
reasonable as and when made, there may be events in the future that Global
Partners LP is not able to predict accurately or control, and there can be no
assurance that future developments affecting Global Partners LP’s business
will be those that it anticipates.

For additional information about risks and uncertainties that could cause
actual results to differ materially from the expectations Global Partners LP
describes in its forward-looking statements, please refer to Global Partners
LP’s Annual Report on Form 10-K for the year ended December 31, 2011 and
subsequent filings the Partnership makes with the Securities and Exchange

Readers are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date on which they are made. Global
Partners LP expressly disclaims any obligation or undertaking to update
forward-looking statements to reflect any change in its expectations or
beliefs or any change in events, conditions or circumstances on which any
forward-looking statement is based.


Global Partners LP
Thomas J. Hollister, 781-894-8800
Chief Operating Officer and
Chief Financial Officer
Global Partners LP
Edward Faneuil, 781-894-8800
Executive Vice President,
General Counsel and Secretary
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