M&A Deal Summary

Parkland Acquires Petroles Crevier

On July 6, 2021, Parkland acquired distribution company Petroles Crevier from Crevier Group

Acquisition Highlights
  • This is Parkland’s 6th transaction in the Distribution sector.
  • This is Parkland’s 2nd transaction in Canada.
  • This is Parkland’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-07-06
Target Petroles Crevier
Sector Distribution
Buyer(s) Parkland
Sellers(s) Crevier Group
Deal Type Divestiture

Target

Petroles Crevier

Montreal, Quebec, Canada
Petroles Crevier is a distributor of petroleum products and lubricating products such as oils, greases, fluids, and related products, including windshield washer fluid.

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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 12 of 15
Sector (Distribution) 6 of 6
Type (Divestiture) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 2 of 3
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Conrad & Bischoff

Idaho Falls, Idaho, United States

Conrad & Bischoff, Inc. is a retail, commercial, wholesale and lubricants business with annual fuel and petroleum product volume of approximately 700 million litres. Conrad & Bischoff is based in Idaho Falls, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Lynch Energy

Burley, Idaho, United States

Lynch Energy is a supplier and marketer of fuel and petroleum products. Lynch's operations are concentrated in southern and central Idaho. Lynch Energy was established in 1923 and is based in Burley, Idaho.

Buy -

Seller(S) 1

SELLER

Crevier Group

Montreal, Quebec, Canada
Category Company
Founded 1945
Sector Distribution
DESCRIPTION

Crevier Group is a distributor of petroleum products for commercial customers through its wholesale and aviation fuel divisions. Crevier Group also distributes lubricating products such as oils, greases, fluids, and related products, including windshield washer fluid. Crevier Group was established in 1945 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 LPS Kenbec

Laval, Quebec, Canada

LPS Kenbec, Inc. is a distributor of lubricants and lubrication equipment. LPS Kenbec, Inc. was founded in 2002 and is based in Laval, Quebec.

Buy -
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