M&A Deal Summary

Parkland Acquires The Sol Group

On October 10, 2018, Parkland acquired oil/gas exploration company The Sol Group

Acquisition Highlights
  • This is Parkland’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Parkland’s 1st transaction in Barbados.

M&A Deal Summary
Date 2018-10-10
Target The Sol Group
Sector Oil/Gas Exploration
Buyer(s) Parkland
Deal Type Add-on Acquisition

Target

The Sol Group

St Michael, Barbados
The Sol Group is a premier supplier of petroleum products to the Caribbean basin.

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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 5 of 15
Sector (Oil/Gas Exploration) 3 of 5
Type (Add-on Acquisition) 5 of 13
Country (Barbados) 1 of 1
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Missouri Valley Petroleum

Mandan, North Dakota, United States

Missouri Valley Petroleum, Inc. is a retail, wholesale and lubricants business with headquarters in Mandan, N.D. MVP operates three bulk plant terminals co-located with cardlocks in Williston, Belfield, and Mandan, and owns and operates six retail sites with convenience stores located in Mandan, Rugby and Bismarck. MVP also supplies 19 branded dealers across North Dakota and distributes approximately 84 million gallons (318 million litres) of fuel and petroleum products annually.

Buy -
FOLLOWING 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 -
Mergr

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