- Sprague Resources (NYSE:SRLP) agrees to acquire Global Partners' (GLP) natural gas marketing and electricity brokerage businesses for $17.3M.
- SRLP expects the deal to be accretive to distributable cash flow and generate ~$3M/year of adjusted EBITDA.
- SRLP says the acquired customer portfolio will increase its annual natural gas sales volume by ~8B cf and expand annual electricity brokerage by 1B kWh, all within its current service area.