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Parkland Fuel Corp

Company Summary

Financial Data:


Tickers:

  • PKI - Toronto Stock Exchange

Related Entities

Recent news

  • 12/16/2021 - Parkland Restarts... (subscriber access)
  • 12/1/2021 - Cenovus Announces $660... (subscriber access)
  • 11/23/2021 - Parkland Corp. Slowing... (subscriber access)
  • 11/8/2021 - Parkland Corp.... (subscriber access)
  • 6/24/2020 - Parkland Corp. Closes on... (subscriber access)

Company Transactions

Date: 6/30/2022
Type: Acquisition

NOTES:
The Husky assets include 337 gas stations being sold off to Parkland Corp. and Federated Co-operatives Ltd. for $420 million in cash. Cenovus will retain its commercial fuels business, and this deal will close by mid-2022.
REGIONS:
  • Canada
  • Date: 10/1/2018
    Type: Acquisition

    NOTES:
    Parkland Fuel reported that they will be acquiring Missouri Valley Petroleum, a petroleum product distributor located in North Dakota.
    REGIONS:
  • Rockies
  • Date: 8/28/2018
    Type: Acquisition

    DETAILS:
    REGIONS:
  • Rockies
  • Date: 11/15/2017
    Type: Acquisition

    NOTES:
    Included in the deal are 129 Chevron retail service stations in Vancouver, 44 Chevron Stations in British Columbia, 37 cardlock and 3 marine fueling locations, a refinery in Burnaby and terminals in Burnaby, Hatch Point and Port Hardy, British Columbia. Additionally, a wholesale aviation fuels business at Vancouver International Airport.
    REGIONS:
  • Canada
  • Date: 6/28/2017
    Type: Acquisition

    DETAILS:

    COST: 985 $MM

    NOTES:
    The acquisition includes 495 dealer and commissioned agent retail fuel sites, 73 cardlock site, 30 commercial and home heating sites and 159 retail fuel sites.
    REGIONS:
  • Canada
  • Date:
    Type: Acquisition

    DETAILS:

    COST: 1.21 $B

    NOTES:
    Parkland Fuel will acquire 75% stake in SOL Investments and its units for $1.21 billion. The transaction would see Parkland having access to 526 retail gas stations while expanding its presence in the U.S. Gulf and Atlantic coasts. Simpson Group, SOL's parent company, will own a 10% stake of Parkland upon the closing of the transaction which also grants Parkland a call option for the purchase of the remaining 25% of SOL.