- July 7, 2021
- Posted by: Stratford Team
- Category: Business
CALGARY, Alberta — Parkland Corp. has agreed to acquire Pétroles Crevier Inc., a subsidiary of Crevier Group, a retail and wholesale fuels and lubricants business based in Montreal. This is Parkland’s eighth acquisition in the last year. The deal includes 174 gas stations—36 company-owned retail locations and 138 retail dealer locations.
Parkland also expects this transaction to add annual fuel and petroleum product volume of approximately 185 million gallons, 70% attributable to wholesale.
“This acquisition extends our existing retail network in Quebec and expands our presence in key markets,” said Donna Sanker, president of Parkland Canada. “We believe we can add significant value by deploying our proven retail capabilities, proprietary Marche Express (On the Run) convenience and Ultramar forecourt brands, and Journie Rewards loyalty program. We look forward to continuing to provide Crevier’s customers with essential products and…