Mergers & Acquisitions

Parkland Acquires 174 Stores, Fuels Business

Retail, wholesale deal is latest in company's acquisition spree
parkland corp.

CALGARY, Alberta — Parkland Corp. has agreed to acquire Pétroles Crevier Inc., a subsidiary of Crevier Group, a retail and wholesale fuels and lubricants business based in Montreal. This is Parkland’s eighth acquisition in the last year. The deal includes 174 gas stations—36 company-owned retail locations and 138 retail dealer locations.

Parkland also expects this transaction to add annual fuel and petroleum product volume of approximately 185 million gallons, 70% attributable to wholesale.

“This acquisition extends our existing retail network in Quebec and expands our presence in key markets,” said Donna Sanker, president of Parkland Canada. “We believe we can add significant value by deploying our proven retail capabilities, proprietary Marche Express (On the Run) convenience and Ultramar forecourt brands, and Journie Rewards loyalty program. We look forward to continuing to provide Crevier’s customers with essential products and exceptional service.”

Parkland has the expertise, supply capabilities and financial resources to create value and strengthen the business, said Crevier Group, which will focus on its lubricants business.

“We are leaving Parkland with a well-established and forward-looking service station network and wholesale division. This transaction will allow the fuel division to continue to grow and become even more efficient. For our part, this decision allows us to focus on our lubricants subsidiary companies, Catalys Lubricants and Crevier Lubrifiants, continuing our growth and consolidating our leadership position in the Canada-wide market.”

Calgary, Alberta-based Parkland Corp. is the largest independent supplier and marketer of fuel and petroleum products in Canada. Its services customers in Canada, the United States, the Caribbean and the Americas through retail, commercial and wholesale channels. It is the second largest c-store operator in Canada with 650 retail outlets and more than 1,830 dealer sites.

  • Click here for a CRU Community Talks From the Top with Parkland USA president Doug Haugh on the companys future in the United States and globally.

Under Charleston, S.C.-based Parkland USA. Parkland has quickly made a series of U.S. acquisitions over the last few years. It has operations in 13 mostly Western states, with 98 c-stores. In late 2020, Parkland USA acquired the license for the exclusive use of the On the Run brand in most of the United States. Acquired brands include Farstad Oil, Superpumper, Harts and Rhinehart Oil. Company-owned stores include Superpumper locations in North Dakota, Montana, Wyoming and Minnesota; Harts Stores in Utah and Colorado; KB Oil KB Express locations in Utah; ConoMart Super Stores in Montana; Story Distributing in Montana, Carter Oil in Arizona and Conrad & Bischoff. in Idaho under the KJ's Super Stores brand.

Parkland USA has approximately 400 dealers under the Sinclair, Exxon, Phillips 66, Arco, Cenex and Chevron brands, as well as approximately more than 40 commercial locations.

 

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