tiprankstipranks
Crossamerica Partners Expands with Strategic Applegreen Acquisition
Company Announcements

Crossamerica Partners Expands with Strategic Applegreen Acquisition

Crossamerica Partners (CAPL) has released an update.

Pick the best stocks and maximize your portfolio:

The Partnership has made a strategic move by signing the Applegreen Purchase Agreement to acquire assets from Applegreen Midwest and Florida, ending existing leases for 59 locations at a cost of $16.9 million plus inventory. The deal, expected to close in the first half of 2024, allows lease extensions up to 2049 and includes standard legal provisions. This acquisition, complying with financial regulations, signals a significant expansion for the Partnership in these regions.

For further insights into CAPL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskCrossAmerica Partners LP Reports Mixed Q3 2024 Results
TipRanks Auto-Generated NewsdeskCrossAmerica Partners Reports Q3 2024 Income Decline
Catie PowersIs CAPL a Buy, Before Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App