Calgary, Alberta – Parkland Corp. has agreed to acquire PÃ©troles Crevier Inc., a subsidiary of the Crevier Group, a retail and wholesale fuels and lubricants company based in Montreal. This is Parkland’s eighth acquisition in the past year. The deal includes 174 gas stations â 36 company-owned retail outlets and 138 retail outlets.
Parkland also expects the transaction to add an annual volume of fuel and petroleum products of approximately 185 million gallons, 70% of which is attributable to wholesale trade.
âThis acquisition expands our existing retail network in Quebec and expands our presence in key markets,â said Donna Sanker, President of Parkland Canada. âWe believe we can add significant value by deploying our proven retail capabilities, our exclusive Marche Express (On the Run) and Ultramar forecourt brands, and the Journie Rewards loyalty program. We look forward to continuing to provide Crevier customers with essential products and exceptional service.
Parkland has the expertise, sourcing capabilities and financial resources to create value and strengthen the business, said the Crevier Group, which will focus on its lubricants business.
âWe are leaving Parkland with a well-established, forward-looking gas 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 subsidiaries, Catalys Lubricants and Crevier Lubrifiants, continuing our growth and consolidating our leadership position in the pan-Canadian market.
Parkland Corp., based in Calgary, Alberta, is the largest independent supplier and distributor of fuels and petroleum products in Canada. Its customers are in Canada, the United States, the Caribbean and the Americas through retail, commercial and wholesale channels. It is the second largest operator of convenience stores in Canada with 650 outlets and more than 1,830 dealer sites.
- Click here for a CRU From the Top community discussion with Parkland USA President Doug Haugh on the company‘s future in the United States and around the world.
Under Charleston, SC based in Parkland USA. Parkland has quickly completed a series of acquisitions in the United States in recent years. It is present in 13 states, mostly western, with 98 convenience stores. At the end of 2020, Parkland USA acquired the license for the exclusive use of the On the Run brand in most of the United States. The brands acquired 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 sites in Utah; ConoMart Super Stores in Montana; History Distribution in Montana, Carter Oil in Arizona and Conrad & Bischoff. in Idaho under the KJ’s Super Stores brand.
Parkland USA has approximately 400 dealerships under the Sinclair, Exxon, Phillips 66, Arco, Cenex and Chevron brands, as well as approximately more than 40 retail locations.
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