Parkland Corporation enters into agreement to acquire Pétroles Crevier Inc.
July 05, 2021
On July 6, 2021, Parkland Corporation (Parkland) entered into a definitive agreement to acquire Pétroles Crevier Inc. (Crevier) as part of its growth and expansion strategy. This transaction is expected to add annual fuel and petroleum product volume of approximately 700 million litres, of which 70 percent is attributable to wholesale.
Parkland is an independent supplier and marketer of fuel and petroleum products and a prominent convenience store operator, based in Calgary.
Crevier is a retail and wholesale business operating across Quebec, with a portfolio of 36 company-owned retail locations and 138 retail dealer locations.
McCarthy Tétrault advised Parkland with a team led by Sven Milelli and Chrystelle Chevalier-Gagnon that included Xin Gao, Sonia Bardakjian, Jin Ge Li, Ariel Parienti, and Nicholas Alevras (Corporate/M&A), Marie-Pier Gosselin, Philippe Côté and Alexandra Laberee-Lachapelle, Danielle Gagnon (Real Property), Dominique Amyot-Bilodeau and Amelia Fong (Environmental), Jason Gudofsky, Kate McNeece and Nikiforos Iatrou (Competition), Vincent Yip (Intellectual Property), Alexandre Buswell and Emilie Thibault (Labour & Employment), and Fred Purkey (Tax).