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Founded in 1870 as the Charles H. Sprague Company, Sprague is one of the largest independent wholesale suppliers of energy and materials handling services in the Northeast. Sprague offers an extensive range of liquid distillate (e.g., heating oil and diesel), gasoline and residual fuel products and services as well as competitive natural gas supply and materials handling capabilities. Sprague's customers benefit from its extensive network of owned and operated terminals throughout the Northeast and the company’s investment in customized products and solutions. Sprague offers a diversity of offerings that is unmatched in its service territories and it is constantly searching for ways to expand its capabilities.

Sprague Resources LP Announces Sale of Interest in General Partner

Company News
May 28, 2021
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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Investor Contact

Sprague Operating Resources LLC
185 International Drive
Portsmouth, NH 03801
Phone: 1.800.225.1560
Email: investorrelations@spragueenergy.com 

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