M&A Deal Summary

Parkland Acquires ConoMart Super Stores - Seven Retail Sites

On March 9, 2020, Parkland acquired retailer ConoMart Super Stores - Seven Retail Sites from ConoMart Super Stores

Acquisition Highlights
  • This is Parkland’s 1st transaction in the Retail sector.
  • This is Parkland’s 4th transaction in the United States.
  • This is Parkland’s 1st transaction in Montana.

M&A Deal Summary
Date 2020-03-09
Target ConoMart Super Stores - Seven Retail Sites
Sector Retail
Buyer(s) Parkland
Sellers(s) ConoMart Super Stores
Deal Type Divestiture

Target

ConoMart Super Stores - Seven Retail Sites

Billings, Montana, United States
ConoMart Super Stores - Seven Retail Sites feature a strong convenience store offering and a Conoco-branded forecourt.

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Buyer(S) 1

Buyer

Parkland

Calgary, Alberta, Canada
Category Company
Founded 1977
Sector Oil/Gas Exploration
Employees3,051
Revenue 32.5B CAD (2023)
DESCRIPTION

Parkland is an independent marketers of fuel and petroleum products. It deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Parkland was founded in 1977 and is based in Calgary, Alberta.

DEAL STATS #
Overall 7 of 15
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 2
State (Montana) 1 of 2
Country (United States) 4 of 10
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Kellerstrass Oil

Ogden, Utah, United States

Kellerstrass Oil Co. is a regional retail dealer and commercial fuel business with branches in Utah, Idaho, and Wyoming. In addition to highly efficient trucking, routing and distribution practices, Kellerstrass brings a strategic 17-car rail spur and storage assets, commercial card locks and an 84-location dealer business. Kellerstrass will complement and strengthen Parkland’s existing Rockies Regional Operating Center.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Sevier Valley Oil

Richfield, Utah, United States

Sevier Valley Oil Co., Inc. is a retail and commercial fuel business with annual fuel and petroleum product volume of approximately 350 million liters. SVO’s primary operations are in Southwestern Utah along with a presence in Northern Utah and Colorado. Sevier Valley Oil was founded in 1949 and is based in Richfield, Utah.

Buy -

Seller(S) 1

SELLER

ConoMart Super Stores

Billings, Montana, United States
Category Company
Sector Retail
DESCRIPTION

ConoMart Super Stores offer a full line of convenience items such as the fountain, ice-cold beverages, and beer, sandwiches, ice, groceries, snacks and deli service in most locations.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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