Parkland Fuel Corporation Acquires Kellerstrass Oil Company
January 16, 2020
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.
- Buyers
- Parkland Fuel Corporation, Parkland USA (Parkland's U.S. subsidiaries)
- Targets
- Kellerstrass Oil Company
- Industry
- Oil & Gas
- Location
- Utah, United States
- Transaction Type
- Buyout
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