SAVANNAH, Ga.—Parkland Corp., owner of On the Run convenience stores and an independent supplier and marketer of fuel and petroleum products in North America and the Caribbean, has agreed to acquire Parker’s Energy, a division of privately held convenience retailer Parker’s, Parker’s announced today. Terms of the deal weren’t disclosed.
Savannah, Ga.-based Parker’s Energy is a leading wholesale fuel marketer with supply business throughout the Southeastern U.S. Parkland is based in Calgary, Alberta, and is a branded distributor of major fuel brands, including Chevron and Esso. Its U.S. unit, Parkland USA, is based in Charleston, S.C.
“We’re delighted that Parkland is acquiring the Parker’s Energy wholesale fuel division and are confident that this acquisition will benefit existing customers,” said Greg Parker, founder and CEO of Parker’s. “Parkland has a strong track record in the wholesale fuel distribution industry, an impressive resource base and private terminals to accommodate customer demand. Parkland will leverage its great resources to continue to provide great service to Parker's Energy customers in Georgia, South Carolina, North Carolina, Virginia, Florida, Tennessee, Kentucky, Alabama, Texas, Maryland and New Jersey.”
The acquisition is expected to close in the fourth quarter.
Parker’s Energy will operate under Parkland USA’s US Supply Corp (USSC) division, located in Houston, Texas. USSC serves as the supply and trading platform for the United States and works in collaboration with its Canadian and International regions to offer a supply advantage to its customers throughout Parkland.
On the Run ranked No. 38 among the top 50 fuel brands in the 2020 Fuel Leaders report from Fuels Market News Magazine and the OPIS.