M&A Deal Summary

Parkland Acquires Kellerstrass Oil

On January 16, 2020, Parkland acquired oil/gas exploration company Kellerstrass Oil

Acquisition Highlights
  • This is Parkland’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Parkland’s 3rd transaction in the United States.
  • This is Parkland’s 2nd transaction in Utah.

M&A Deal Summary
Date 2020-01-16
Target Kellerstrass Oil
Sector Oil/Gas Exploration
Buyer(s) Parkland
Deal Type Add-on Acquisition

Target

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.

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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 6 of 15
Sector (Oil/Gas Exploration) 4 of 5
Type (Add-on Acquisition) 6 of 13
State (Utah) 2 of 3
Country (United States) 3 of 10
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 The Sol Group

St Michael, Barbados

The Sol Group is a premier supplier of petroleum products to the Caribbean basin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 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.

Buy -
Mergr

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