Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Mon., Sep. 20, 10:19 AM
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 Fuel is engaged in marketing, distributing and refining of fuel and petroleum products and a convenience retailer. Co. operates under five operating segments: Supply in Co.'s fuel contracts; Canada Retail operates a network of retail gas stations in Canada; International operates a retail service station internationally; Canada Commercial delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids and other products and services to commercial, industrial and residential customers; and United States operates and services a network of retail service stations and delivers gasoline, distillates, propane and lubricating oils in the United States.
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