CrossAmerica Partners LP to acquire certain assets of Jet Pep, Inc. in a multi-million dollar deal
Acquiring Company
CrossAmerica Partners
Acquired Company
Jet Pep
AllentownAlabamaEnergyOil And GasRetailEnergyOil And GasDescription
CrossAmerica Partners LP, based in Allentown, Pennsylvania, has announced its agreement to acquire certain assets from Jet Pep, Inc., including 102 commission operated retail sites, a fuel terminal, and trucking equipment. This acquisition expands CrossAmerica’s presence in the South and demonstrates its ability to execute on strategic M&A opportunities.
Quick answer
CrossAmerica Partners is acquiring Jet Pep, announced December 29, 2024. CrossAmerica Partners is based in Allentown, Pennsylvania, United States.
- How much did CrossAmerica Partners pay for Jet Pep?
- The deal value was not disclosed.
- What does CrossAmerica Partners do?
- CrossAmerica Partners LP operates in the petroleum industry, primarily engaged in the wholesale distribution of fuel and related products.
- Where are CrossAmerica Partners and Jet Pep based?
- CrossAmerica Partners is based in Allentown, Pennsylvania, United States. Jet Pep is based in Alabama, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Jet Pep?
Jet Pep was acquired by CrossAmerica Partners, based in Allentown. The deal was reported on December 29, 2024. CrossAmerica Partners LP operates in the petroleum industry, primarily engaged in the wholesale distribution of fuel and related products. CrossAmerica Partners is publicly traded (CAPL) and operates in Energy.
When did CrossAmerica Partners acquire Jet Pep?
CrossAmerica Partners's acquisition of Jet Pep was reported on December 29, 2024. CrossAmerica Partners LP, based in Allentown, Pennsylvania, has announced its agreement to acquire certain assets from Jet Pep, Inc., including 102 commission operated retail sites, a fuel terminal, and trucking equipment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Jet Pep do?
Jet Pep, Inc. is one of the state’s largest fuel operators, founded in Holly Pond in 1973. The company handles its own distribution, owns its stores, supplies the fuels, and maintains the pumps at all locations. Jet Pep, Inc. It is privately held, operating in Energy, and is based in Alabama.
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