Business

Mass. Mover

Global to buy interest in Basin

Global transports crude. It also owns gas stations.

istockphoto.com

Global transports crude. It also owns gas stations.

Global Partners LP, a Waltham-based company that transports crude oil and other products from the midcontinent region to the East Coast, said it has agreed to acquire a 60 percent membership interest in Basin Transload LLC. The deal is valued at about $80 million. Basin Transload operates two facilities in North Dakota, one is located along the Canadian Pacific Railway and provides single line haul service to Global’s recently expanded terminal in Albany, N.Y.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.