Parkland Corporation Acquires Sevier Valley Oil Company, Inc.
November 9, 2020
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.
- Buyers
- Parkland Corporation
- Targets
- Sevier Valley Oil Company, Inc.
- Sellers
- Sevier Valley Oil Company, Inc. and related companies
- Industry
- Energy
- Location
- Utah, United States
- Transaction Type
- Buyout
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