On May 30, 2025, Star Group, L.P., a Delaware limited partnership, announced its entry into a Unit Purchase Agreement with Bandera Master Fund, L.P. Under this agreement, Star Group agreed to purchase 0.7 million common units from Bandera Master Fund for approximately $8.4 million in a private transaction. This acquisition was conducted outside of the company's unit repurchase plan and was completed on June 2, 2025. Bandera Partners, LLC, the investment manager for the seller, previously reported holding or managing over 3.4 million common units as of March 31, 2025.
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