Cross America closes State Oil acquisition

CrossAmerica Partners LP has closed on its $45 million acquisition of State Oil Co. and certain related retail assets and wholesale fuels distribution business. State Oil’s portfolio consisted of three company-operated retail convenience stores, 50 lessee dealers, 24 supply accounts, two nonfuel tenant locations and three non operating sites. The transaction included the real estate at 57 locations and the leasehold interest at one site.