Global Partners Agrees to Divest Gas Stations in FTC Deal (1)

Global Partners LP and Richard Wiehl, the owner of service station and convenience store chain Wheels of CT Inc., have agreed to sell gas stations in five Connecticut markets to resolve competition concerns raised by Global’s proposed acquisition of Wheels and its 27 locations.

Global will divest six retail fuel outlets, and Wiehl will divest one Wheels branded fuel outlet to Petroleum Marketing Investment Group LLC, according to the Federal Trade Commission’s consent order, released Monday.

Without the divestitures, the deal would have harmed competition for the retail sale of gasoline in and around the Connecticut towns and cities ...