Parkland Corporation Acquires Lynch Oil Assets in Idaho

Sunoco LP Acquires Parkland Corporation

October 31, 2025

Oil & Gas

Sunoco LP, through its purchaser 2709716 Alberta ULC, completed the acquisition of Parkland Corporation on October 31, 2025. Parkland shareholders received a mix of cash and units in SunocoCorp (with aggregate consideration of approximately C$3.46 billion and 51,517,198 SunocoCorp units), and Parkland shares are being withdrawn from the Toronto Stock Exchange while SunocoCorp units will begin trading on the New York Stock Exchange.

Parkland Corporation Acquires Conrad & Bischoff Inc.

February 26, 2021

Oil & Gas

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), has entered into an agreement to acquire Conrad & Bischoff Inc., establishing a fourth U.S. Regional Operating Center in Idaho Falls, Idaho. The acquisition adds 58 retail sites (19 company-owned), terminal storage capacity (~30 million litres), and approximately 700 million litres of annual fuel and petroleum product volume, expanding Parkland's supply optionality and presence across Idaho and western Wyoming with distribution reach into neighboring states.

Parkland Fuel Corporation Acquires Kellerstrass Oil Company

January 16, 2020

Oil & Gas

Parkland Fuel Corporation, through its U.S. subsidiaries (Parkland USA), has entered into an agreement to acquire the entities and assets of Kellerstrass Oil Company, a regional retail dealer and commercial fuel business based in Salt Lake City with branches in Utah, Idaho and Wyoming. The acquisition — which includes storage assets, a 17-car rail spur, trucking/routing capabilities and an 84-location dealer business — is intended to strengthen Parkland's Rockies Regional Operating Center, support its North American diesel platform and deliver supply and logistical efficiencies.

Parkland Corporation Acquires Sevier Valley Oil Company, Inc.

November 9, 2020

Energy

Parkland Corporation, through its wholly owned U.S. subsidiaries (Parkland USA), agreed to acquire all assets of Sevier Valley Oil Company, Inc. (SVO), a Richfield, Utah–based retail and commercial fuel business. The deal adds seven company retail locations, more than 20 retail dealers and approximately 350 million litres of annual fuel and petroleum product volume, expanding Parkland's U.S. retail and distribution footprint in southern Utah and the surrounding Rockies region.

Mansfield Energy Acquires Fuel Distribution Assets of Lube‑Tech

July 9, 2020

Logistics & Distribution

Mansfield Energy Corp acquired the fuel transportation assets of Lubrication Technologies (Lube‑Tech), including tankwagon and transport fleet operations and bulk storage facilities. The acquisition expands Mansfield's fuel supply and delivery footprint in the Midwest and enables enhanced logistics and reporting through its FuelNet portal while Lube‑Tech continues to provide fluids, lubricants and related services.

Lakeshore Family Partners Acquires Minority Stake in Walt's Petroleum Service

October 25, 2024

Industrial Services

Lakeshore Family Partners, a family-owned holding company based in Jackson, Michigan, acquired a minority stake in Walt's Petroleum Service, a petroleum equipment distribution, installation, and service provider headquartered in Wausau, Wisconsin. The transaction, closed October 25, 2024, is framed as a strategic partnership to support growth, preserve family-owned values, and expand operational capabilities across the Upper Midwest.