CrossAmerica Partners LP (CAPL) is a leading distributor of motor fuels and convenience store operator in the United States. The company is publicly traded and runs its operations as a master limited partnership. Operated by CrossAmerica GP LLC, the firm has established a significant presence across 31 American States. CAPL's headquarters are located in Allentown, Pennsylvania.
Founded in 2012, CrossAmerica Partners has built a prolific network comprising 1,300+ locations and also provides fuel distribution services to roughly 1,800 locations, establishing an enviable footprint across the US. The company’s remarkable growth can be attributed to its business model, which allows for maximum operational efficiency and a potent ability to scale.
The company operates through two primary segments, namely a Wholesale Segment and a Retail Segment. The wholesale operations involve the distribution of fuel to lessee dealers, commissioned agents, company-operated retail sites, and other independent clients. On the other hand, the retail sector hosts various convenience stores and retail sites, which are either company-operated or leased properties.
CrossAmerica Partners boasts a diversified customer base, ensuring a consistent demand for its services. Some of its customers include major oil companies, independent refiners, and convenience store operators. A notable aspect of the company is its strategic alliance with leading fuel provider entities like ExxonMobil, BP, and Shell.
As of 2021, CrossAmerica Partners remains committed to providing exceptional retail and convenience services while ensuring the supply of high-quality fuel products to its robust network of convenience stores and gas stations. It strives toward enhanced customer satisfaction, operating efficiency, and overall business growth. CAPL's resilience during the pandemic demonstrates its reliable business model and commitment to comprehensive customer service, working tirelessly to maintain consistent supply chains during challenging times.
Moreover, the company prides itself on implementing environmentally responsible operations and is committed to reducing its carbon footprint. In the long run, CrossAmerica Partners aims to increase its market share and profitability, while continuously improving the operational efficiency of its retail stores and distribution networks. It recognizes the vast potential of the energy distribution space and is continually innovating, diversifying, and expanding to meet the changing needs of consumers.