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Energy M&A image Energy M&A » By The Online Investor Staff, updated Wed., Aug. 5, 3:11 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #84. 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 Corp is engaged in marketing and distributing of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Fuel Marketing includes sales of gasoline, diesel, heating oil, propane fuel and variable rents derived from service station sites. Commercial includes sales of fertilizer, lubes, other agricultural inputs and industrial products and services. Co.'s retail and commercial brands includes: Fas Gas Plus, Race Trac Gas, Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United Petroleum Products and Island Petroleum.

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Company Name:  Parkland Corp
Website:  www.parkland.ca
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding PKI.CA:  2
Total Market Value Held by ETFs:  $15.38M
Total Market Capitalization:  $1.91B
% of Market Cap. Held by ETFs:  0.81%
 

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August 5, 2020    3:11 AM Eastern
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