Mergers & Acquisitions

Irving Oil Acquires 13 C-Stores From Couche-Tard

Also rebranding 23 sites as it expands retail network

HALIFAX, Nova Scotia -- Irving Oil has entered into a purchase agreement with Alimentation Couche-Tard Inc. to acquire 13 convenience stores and brand 23 retail sites across Atlantic Canada. Previously, all of the sites were branded Ultramar.

“Irving Oil recognizes that to remain highly competitive, we need to continue to grow across all of our geographies, and this starts in Atlantic Canada,” said Ian Whitcomb, president of Irving Oil.

Irving Oil has begun to rebrand the sites and is planning to complete the transition of all locations by late August.

Nine of the 13 acquired sites are in Nova Scotia, with locations in Halifax, Dartmouth, Lower Sackville and Truro. Additional sites are in St. John’s, Newfoundland, Charlottetown, Prince Edward Island, and Dieppe, New Brunswick.

“Irving Oil has proudly served Atlantic Canada for over 90 years,” said Sarah Irving, executive vice president and chief brand officer for Irving Oil. “This investment reflects our long-term commitment to our customers and to our communities.”

“As we continue to invest in Nova Scotia, we look forward to enhancing the offerings for our customers and giving back to the communities where we live and work,” said Darren Gillis, Irving Oil’s chief marketing officer.

Irving Oil is an international refining and marketing company that operates refineries in Saint John, New Brunswick, and Whitegate, Ireland, along with more than 900 gas stations and convenience stores and a network of distribution terminals in eastern Canada and New England. Its U.S. headquarters is in Portsmouth, N.H.

Laval, Quebec-based Couche-Tard’s retail network includes 10,020 c-stores in North America, including 8,698 stores offering fuel.It ranked No. 2 on CSP's 2018 Top 202 list of the largest c-store chains in the United States.

Photo courtesy of Verne Equinox. 

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