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English Español USA: Parkland completes acquisition of Kellerstrass Oil

Parkland enters the Idaho market and expands its presence in Wyoming.



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Parkland Fuel Corporation announced that, through its wholly owned U.S. subsidiaries Parkland USA, it has completed the acquisition of the entities and assets comprising Kellerstrass Oil Company.

Based in Salt Lake City, Kellerstrass is a regional retail dealer and commercial fuel business with branches in Utah, Idaho and Wyoming. With this agreement, Parkland expects to bring in trucking, routing and distribution practices, in addition to 17-car rail spur and storage assets,

commercial card locks and an 84-location dealer business. Kellerstrass will complement and strengthen Parkland’s existing Rockies Regional Operating Center.

“We continue to deliver on our growth strategy and expand our U.S. footprint,” said Doug Haugh, President of Parkland USA. “We expect this acquisition will support the growth of our North America diesel platform, create supply efficiencies and deliver logistical benefits. We are delighted to enter the Idaho market and expand our presence in Wyoming and look forward to welcoming the Kellerstrass team to Parkland.”

The acquisition is at valuation metrics consistent with Parkland’s prior U.S. transactions and will be funded out of existing credit facility capacity.

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