Sprague Resources LP was incorporated in Delaware on June 23, 2011. It is a Delaware limited liability company engaged in the acquisition, storage, distribution and sale of refined oil and natural gas. It provides storage and handling services for raw materials. The company's predecessor, founded in 1870, has more than 50 years of experience in the storage, distribution and sale of petroleum products. Teplage Capital is the largest independent wholesale distributor of refined oil products based on aggregated terminal capabilities in the Eastern United States. 

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