Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:52 PM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #15. Parkland Fuel Corporation — SPF Energy Inc.
Acquirer:
Parkland Fuel Corporation (TSE:PKI.CA)
Acquiree:
SPF Energy Inc.
Details:
Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX:PKI), a North American petroleum products marketer, today announced that it has successfully completed the previously announced acquisition of all outstanding shares of SPF Energy Inc. ("SPF"), the parent company of Farstad Oil Inc. ("Farstad") and Superpumper Inc. ("Superpumper"). For financial reporting purposes the effective date of the acquisition was January 1, 2014. All financial figures have been converted to Canadian dollars.
Parkland is a food and convenience store operator, an independent supplier and marketer of fuel and petroleum products and engaged in renewable energy. Co.'s business comprised four operating segments: Canada, which owns, operates, supports and distributes a network of retail convenience, food and fuel sites, commercial cardlocks and bulk fuel facilities; U.S., which delivers fuel, lubricants and other related products and services to customers; Supply, which consists of logistics, marketing, supply and the Burnaby Refinery; and International, which is represented by its indirect subsidiary, Sol Investments SEZC, an independent fuel marketer in the Caribbean.
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