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Parkland Fuel Corp

Company Summary

Financial Data:


Tickers:

  • PKI - Toronto Stock Exchange

Related Entities

Recent news

  • 12/8/2022 - Parkland Publishes 2023... (subscriber access)
  • 11/30/2022 - Parkland Announces Plans... (subscriber access)
  • 5/10/2022 - Parkland Plans Expansion... (subscriber access)
  • 12/16/2021 - Parkland Restarts... (subscriber access)
  • 12/1/2021 - Cenovus Announces $660... (subscriber access)

Company Transactions

Date: 6/30/2022
Type: Acquisition

BUYERS:
  • Parkland Fuel Corp
  • Federated Co-operatives Limited
    • SELLERS:
  • Cenovus Energy Inc.
    • DETAILS:

    COST: 420 $MM

    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

    BUYERS:
  • Parkland Fuel Corp
    • SELLERS:
  • Missouri Valley Petroleum, Inc.
    • DETAILS:
    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

    BUYERS:
  • Parkland Fuel Corp
    • SELLERS:
  • Rhinehart Oil Co., Inc.
    • DETAILS:
    REGIONS:
  • Rockies

    • Date: 11/15/2017
    Type: Acquisition

    BUYERS:
  • Parkland Fuel Corp
    • SELLERS:
  • Chevron Canada
  • Chevron Canada R&M ULC
    • ASSETS:
  • Burnaby Refinery
  • Burnaby Terminal
  • Hatch Point Terminal
  • Port Hardy Terminal
    • DETAILS:

    COST: 1.1 $B

    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

    BUYERS:
  • Parkland Fuel Corp
    • SELLERS:
  • CST Brands, Inc.
  • Couche-Tard
    • 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

    BUYERS:
  • Parkland Fuel Corp
    • SELLERS:
  • Simpson Group
  • SOL Investments
    • 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.