Global Partners LP · Waltham, MA United States ·(NYSE: GLP)
Company Description
Phone: 781-894-8800
Fax: 781-398-4160
Rankings
- #291 in FORTUNE 500
View Global Partners LP Locations On A US Map
This link will open in a new window
This link will open in a new window Global Partners (formerly Global Companies) imports petroleum products from global sources, but its marketing is strictly regional. The company wholesales heating oil, residual fuel oil, diesel oil, kerosene, and gasoline to commercial, retail, and wholesale customers in New England. A major player in the regional home heating oil wholesale market, Global Partners operates storage facilities at about 20 bulk terminals with a total storage capacity of 8 million barrels. Global Partners was founded in 1933 as a one-truck heating oil retailer by current CEO Eric Slifka's grandfather, Abraham Slifka. The Slifka family controls about 43% of the company. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Global Partners LP Financials
| Company Type | Public - NYSE: GLP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $9,019.1 |
| 2007 Employees | 230 |
Global Partners LP Executives
35 executives listed for Global Partners LP's Waltham, MA location.
| Title | Name & Bio | Contact |
| Chairman, Global GP LLC | Alfred Slifka | Network |
| Vice Chairman, Global GP LLC | Richard Slifka | Network |
| President, CEO, and Director, Global GP LLC (General Partner) | Eric Slifka | Network |
Competition
Competitive Landscape for Global Partners LP
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Global Partners LP Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!