Operator of convenience store retail outlets and wholesale fuel distribution.
CrossAmerica Partners LP, headquartered in Allentown, Pennsylvania, operates primarily in the wholesale distribution of motor fuels, management of convenience stores, and ownership and leasing of real estate used for retail fuel distribution across the United States. Founded in 1992 as Lehigh Gas Partners LP and rebranded as CrossAmerica Partners LP in October 2014, the company operates through two main segments: Wholesale and Retail.
The Wholesale segment focuses on distributing motor fuels to a diverse customer base including lessee dealers, independent dealers, commission agents, and company-operated retail sites. This segment plays a pivotal role in ensuring efficient fuel distribution across approximately 1,750 sites located in 34 states as of December 31, 2021. CrossAmerica Partners LP also owns or leases approximately 1,150 retail sites, enhancing its market presence and operational footprint.
In addition to fuel distribution, the Retail segment engages in the sale of convenience merchandise items and retailing motor fuels at both company-operated retail locations and sites operated by commission agents. This dual approach enables CrossAmerica Partners LP to cater to consumer needs while optimizing revenue streams and enhancing customer satisfaction through its extensive network and strategic partnerships in the fuel and convenience store sectors.