Sprague Resources LP Announces Sale of Interest in General Partner

May 28, 2021 at 8:10 AM EDT

PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) announced that today Sprague HP Holdings, LLC (“Buyer”), acquired from Sprague Resources Holdings LLC (Sprague Holdings”) 100% of the limited liability company interests of Sprague Resources GP LLC (the “General Partner”), the general partner of Sprague; all of Sprague Holding’s common units; and, all of the Partnership’s Incentive Distribution Rights. The Buyer and its affiliates now collectively hold approximately 74.5% of the Partnership’s outstanding common units.

About Sprague Resources LP
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials. More information concerning Sprague can be found at www.spragueenergy.com.

Investor Contact:
Paul Scoff
+1 800.225.1560
investorrelations@spragueenergy.com


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Source: Sprague Resources LP