Mergers & Acquisitions

Parkland Completes ConoMart Acquisition

Transaction adds 7 stores to newly renamed corporation’s U.S. network
parkland logo

CALGARY, Alberta — Through its Parkland USA subsidiary, Parkland Fuel Corp. has completed the acquisition of seven ConoMart Super Stores in the Billings, Mont., area from GM Petroleum. Parkland Fuel also has changed its corporate name to Parkland Corp. following the board’s approval of a special resolution, the company announced.

The ConoMart Super Store locations, in Billings, Laurel and Joliet, Mont., offer Conoco-branded fuel.

The deal brings Charleston, S.C.-based Parkland USA’s U.S. store count to 58, according to the company's website.

“This acquisition expands our Montana business and scales our existing Northern Tier Regional Operating Center,” Doug Haugh, president of Parkland USA, said in announcing the deal in March. “ConoMart Super Stores is a well-run, customer-focused business, and we look forward to welcoming the team to Parkland.”

  • Parkland Fuel is No. 154 in CSP’s2019 Top 202 ranking of convenience-store chains by total number of company-operated U.S. retail locations.CSP will release the complete 2020 list in June.

Calgary, Alberta-based Parkland is an independent supplier and marketer of fuel and petroleum products and convenience-store operator in Canada, the United States, the Caribbean and the Americas through retail, commercial and wholesale channels.

In Canada, Parkland Fuels owns, operates or supplies stations under the brands Chevron, Esso, On the Run, Marche Express, Fas Gas Plus, Pioneer, Race Trac (not to be confused with RaceTrac Petroleum in the United States) and Ultramar. It acquired most of the Canadian business and assets of CST Brands Inc. from Laval, Quebec-based Alimentation Couche-Tard Inc. in June 2017.

Parkland Fuel’s subsidiary Parkland USA has operations in 13 mostly Western U.S. states. Brands include Farstad Oil, Superpumper, Harts and Rhinehart Oil. Along with the new ConoMart Super Stores, its 58 company-owned stores include Superpumper locations in North Dakota, Montana, Wyoming and Minnesota; Harts Stores in Utah and Colorado; and KB Oil KB Express locations in Utah. It has 324 dealers under the Sinclair, Exxon, Phillips 66, Arco, Cenex and Chevron brands, as well as approximately 42 commercial locations.

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