ARKO Petroleum Corp. has completed its acquisition of the business of U.S. Petroleum Partners, a Great Lakes wholesale fuel distributor, for about US$200m in cash plus inventory and about US$30m in shares, the company said on 11 November 2026.
Why ARKO Petroleum Corp. is buying U.S. Petroleum Partners, LLC (business)
ARKO Petroleum said USPP adds about 280m gallons of annual fuel volume, a 14% increase on its trailing 12-month volume, about 400 wholesale locations taking its network to about 2,500, two fuel terminals connected to the Buckeye pipeline system and a fleet that carries more than 80% of USPP's volumes.
Deal terms and financing
The cash portion was funded with borrowings under existing credit lines. About 2.0m Class A shares were issued to the sellers and placed in escrow; their release and any additional payment depend on EBITDA targets for the 12 months ending 31 December 2027.
Regulatory approvals and timing
The transaction closed on 10 November 2026.
Market context
ARKO Petroleum, which is listed on Nasdaq, agreed the deal in August 2026. USPP is based in Novi, Michigan, and serves customers across Michigan and northern Ohio.
