Cumberland Farms / Exxon Mobil

Compass Lexecon was retained by Tim Walsh of Steptoe & Johnson LLP on behalf of their client, Cumberland Farms, to analyze the potential competitive effects of Cumberland’s acquisition of ExxonMobil’s gasoline retail and distribution assets on Long Island. Compass Lexecon’s analysis demonstrated that competition in retail gasoline was robust in the overlap areas. Compass Lexecon’s analysis was presented to the FTC in support of the transaction and the transaction cleared without a Second Request. A team in Compass Lexecon’s Chicago office including Rick Flyer, Colleen Loughlin and Dan Stone performed the economic analysis.