CAPL Profile
CrossAmerica Partners LP, headquartered in Allentown, Pennsylvania, is a leading entity in the wholesale distribution of motor fuels and the operation of convenience stores across the United States. Established in 1992, the company is involved in two primary business segments: Wholesale and Retail.
The Wholesale segment focuses on the distribution of motor fuels to a diverse network that includes lessee dealers, independent dealers, commission agents, and company-operated retail sites. This extensive distribution network spans approximately 1,750 locations across 34 states, demonstrating the company's significant reach within the fuel distribution market. In addition to fuel distribution, the Wholesale segment also oversees the ownership and leasing of real estate properties that support retail fuel operations.
The Retail segment of CrossAmerica Partners LP operates convenience stores and manages the sale of both convenience merchandise and motor fuels at company-operated and commission agent-operated retail sites. This segment emphasizes providing a wide range of products and services to meet the needs of consumers, including fueling and convenience shopping.
Formerly known as Lehigh Gas Partners LP, the company rebranded to CrossAmerica Partners LP in October 2014 to better align with its expanding business operations and market presence. The company continues to enhance its portfolio through strategic acquisitions and operational efficiencies, with CrossAmerica GP LLC serving as its general partner. CrossAmerica Partners LP remains committed to its mission of delivering high-quality motor fuels and convenience retail services throughout the United States.
|