Mergers & Acquisitions

Parkland USA to Acquire Parker’s Energy

Purchase of c-store retailer’s wholesale fuel division allows for U.S. growth opportunities

CHARLESTON, S.C., and SAVANNAH, Ga. — Parker’s Energy, the wholesale fuel marketing division of convenience-store company Parker’s Corp., has entered into an acquisition agreement with Parkland Corp. through its U.S.-based subsidiary Parkland USA.

The companies did not disclose the price of the transaction. They expect the acquisition to close in the fourth quarter.

“We’re delighted that Parkland is acquiring the Parker’s Energy wholesale fuel division and are confident that this acquisition will benefit existing customers,” said Greg Parker, founder and CEO of Parker’s. “Parkland has a strong track record in the wholesale fuel distribution industry, an impressive resource base and private terminals to accommodate customer demand. Parkland will leverage its great resources to continue to provide great service to Parker's Energy customers in Georgia, South Carolina, North Carolina, Virginia, Florida, Tennessee, Kentucky, Alabama, Texas, Maryland and New Jersey.”

Parker’s Energy will operate under Parkland USA’s US Supply Corp. (USSC) division, located in Houston. USSC serves as Parkland’s supply and trading platform for the United States and works in collaboration with its Canadian and international regions to offer a supply advantage to its customers throughout Parkland.

Based in Savannah, Ga., Parker’s owns and operates 70 c-stores throughout coastal Georgia and South Carolina and is in the middle of a $50 million expansion into the Charleston, S.C., market. It employs more than 1,200 individuals and completes more than 125,000 transactions daily. The chain serves Southern-inspired Parker’s Kitchen food made from scratch on-site including hand-breaded Southern fried chicken tenders, macaroni and cheese, a breakfast bar and daily specials. The Parker’s Rewards loyalty program, which includes more than 210,000 members, has saved Parker’s customers more than $15 million to date, according to the company.

Calgary, Alberta-based Parkland Corp. is a major independent supplier and marketer of fuel and petroleum products. 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.

Parkland provides locally relevant fuel brands and convenience-store offerings in the communities it serves. Under Charleston, S.C.-based Parkland USA, Parkland has made a series of U.S. acquisitions over the last few years. It has operations in 13 mostly Western states, with more than 100 c-stores.

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; and Red Carpet Carwash in North Dakota.

In late 2020, Parkland USA acquired the license for the exclusive use of the On the Run brand in most of the United States.

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.

Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Related Content

Trending

More from our partners