Parkland Fuel Corporation Acquires Kellerstrass Oil Company

Parkland Corporation Acquires Lynch Oil Assets in Idaho

November 11, 2021

Energy

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), entered into an agreement to acquire substantially all assets of Lynch Oil and certain affiliates. The asset purchase adds over 180 million litres of annual fuel sales and multiple retail and supply assets in southern and central Idaho, strengthening Parkland's convenience retail network and regional supply position.

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.

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.

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aggregate consideration of approximately C$3.46 billion and 51,517,198 SunocoCorp units), and Parkland shares are being withdrawn from the Toronto Stock Exchange while SunocoCorp units will begin trading on the New York Stock Exchange.

Palmdale Oil Acquires Maassen Oil Company, Inc.

August 6, 2024

Oil & Gas

Palmdale Oil, a family-owned Florida fuel and lubricants provider headquartered in Palm Beach Gardens, has acquired Maassen Oil Company, Inc., a small Arcadia, Florida-based distributor of refined fuels, lubricants and propane. The deal expands Palmdale's bulk plant footprint and distribution capabilities across Florida, enhancing transportation efficiency and service coverage in markets including Tampa and Fort Myers.

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.