Canada's largest petrol station owner may set sights on the US next
Add BT as a preferred sourceCalgary
IN the past five years, Parkland Fuel Corp has more than tripled its market value by snapping up petrol stations, propane distributors and other types of fuel sellers across Canada. Its next wave of acquisitions may be in the US.
Since chief executive officer Bob Espey took the helm in 2011, Parkland has struck 18 deals valued at more than US$2.4 billion, including three transactions involving Chevron Corp, Imperial Oil Ltd and CST Brands Inc in the past year and a half. Parkland is now Canada's largest petrol-station owner, with significant holdings in all of the nation's most-populous provinces.
TRENDING NOW
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
Xi Jinping has just rewritten the rules of US-China rivalry
Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market
Singapore developer in limbo after Timor-Leste scraps major township project
