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Sprague Resources LP Announces the closing of Coen Energy

NEWS Sprague Resources LP Announces the closing of Coen Energy
October 3, 2017 Stephanie Moots

Portsmouth, NH (October 3, 2017) – Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that its wholly owned subsidiary, Sprague Operating Resources LLC, completed the purchase of the membership interests of Coen Energy, LLC and Coen Transport, LLC, as well as assets consisting of four bulk plants and underlying real estate (collectively, “Coen Energy”).

“I’m excited to announce that we have completed our fifth acquisition of the year. Coen Energy expands our footprint in Pennsylvania, Ohio and West Virginia, while also expanding our business model to provide energy products and complimentary field services to over 7,000 customers,” said David Glendon, Sprague’s President and CEO. “Coen has established a strong reputation for their service levels and safety record and I’m pleased to welcome our new employees to the Sprague family as we build on the Coen Energy legacy.”

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