M&A Deal Summary

Parkland Acquires Sevier Valley Oil

On November 10, 2020, Parkland acquired distribution company Sevier Valley Oil

Acquisition Highlights
  • This is Parkland’s 2nd transaction in the Distribution sector.
  • This is Parkland’s 5th transaction in the United States.
  • This is Parkland’s 3rd transaction in Utah.

M&A Deal Summary
Date 2020-11-10
Target Sevier Valley Oil
Sector Distribution
Buyer(s) Parkland
Deal Type Add-on Acquisition

Target

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.

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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 8 of 15
Sector (Distribution) 2 of 6
Type (Add-on Acquisition) 7 of 13
State (Utah) 3 of 3
Country (United States) 5 of 10
Year (2020) 3 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Story Distributing

Bozeman, Montana, United States

Story Distributing Co. is a full line branded wholesaler and dealer of petroleum fuel products in the state of Montana. The company sells Exxon, Mobil, Phillips 66, and Sinclair as well as unbranded products from a variety of suppliers. It sells branded lubricants, solvents, greases, and antifreeze supplied by ExxonMobil, ConocoPhillips, and CAM2, own line, meeting the needs of any specialty products required by customers. Story Distributing's fuel and lubricant services include bulk delivery by a team of professional and safe transportation staff at no additional cost.

Buy -
Mergr

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