Parkland Corp

Parkland Industries was founded as Parkland Beef Industries, a publicly traded cattle feedlot. In 1975, it was acquired by Jack Donald, and renamed Parkland Industries. Donald had previously founded and sold a chain of retail gas stations called Parkland Oil Products Ltd. At Parkland Industries, Donald pivoted the company from cattle to fuel retailing; it established Fas Gas Plus, a western Canadian gas station chain, in 1977. In its early years, the company was headquartered in Red Deer, Alberta; it moved to Calgary in the mid-2010s.In the following 30 years, the company grew significantly, in the context of offloading of retail gas operations by larger, integrated oil companies. By the end of 2012, the company had 720 gas stations and $4.1 billion in annual revenue. In 2010, it renamed itself Parkland Fuel Corporation. In 2020, it renamed itself to Parkland Corporation.In 2013, Parkland acquired Elbow River Marketing, with 1,400 rail cars. in late 2014, it announced the acquisition of Pioneer Energy, an Ontario gas station chain with 393 stations, for $378 million. The deal increased the company's station count to over 1000, and was part of a larger acquisition strategy by the company.In August 2016, the company announced the acquisition of most of CST Brands' Canadian assets for $965 million, as part of that company's acquisition by Alimentation Couche-Tard for $4 billion. This included the majority of the Ultramar chain, including 490 retail locations and 72 cardlocks in Ontario, Quebec and Atlantic Canada. The sale gave Parkland a total of just over 1,500 retail locations.As part of Imperial Oil's exit from retail location ownership, Parkland also acquired the remaining On the Run franchise network, Canadian trademarks, and 17 Esso-branded gas stations.In 2017, Parkland acquired Chevron's Canadian downstream fuel operations for $1.5 billion. As part of the deal, the company acquired the Burnaby Refinery in Burnaby, British Columbia, and increased its station count to 1800.In October 2018, Parkland announced it would acquire 75% of SOL Investments, a retail gas station operator based in the Caribbean, for $1.57 billion.In February 2020, Parkland renewed its agreement with British Columbia-based restaurant chain White Spot to operate Triple-O's locations as part of its Town Pantry and On the Run-branded convenience stores, with plans to extend the chain into Alberta and Ontario as well.In September 2020, Parkland USA acquired from Couche-Tard the rights to the On the Run brand in most U.S. states, with an intent to further-expand the chain into a North American operation.In 2021, Parkland acquired 156 gas stations from Husky Energy for $156 million. These stations are located on Vancouver Island as well as the metropolitan areas of Calgary, Toronto and Vancouver.In January 2022, Parkland acquired frozen-food retailer M&M Food Market for $332 million. The purchase was part of a broader foray into food service by Parkland, in order to diversify its business beyond fuel retail . Parkland planned to offer M&M products as part of On the Run's product line, while also maintaining its standalone locations and other distribution agreements. In late October 2022, Parkland announced a deal with U.S.-based EV charger company FreeWire Technologies to install EV chargers at 25 locations across British Columbia.