Parkland Fuel

A nationwide fuel contractor and distributor, Parkland supplies both wholesalers -- from distribution terminals in Alberta and British Columbia -- and retailers. Retail fuels are trucked by long-haul and local delivery vehicles to gas stations and private residences. Parkland owns many of the more than 600 service stations it supplies with brands such as Fas Gas and Race Trac, but is transitioning to third-party owners with whom it keeps a fuel contracting relationship.

Parkland Fuel Corporation is one of North America’s fastest growing independent marketers of fuel and petroleum products. The company delivers gasoline, diesel, propane, lubricants, heating oil and other high-quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States.

Parkland's three businesses are retail gas stations, commercial fuel distribution, and fuel supply and wholesaling.
Over the past 30 years, the company grown 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 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 CST Brands' Canadian assets for $965 million, as part of that company's acquisition by Alimentation Couche-Tardfor $4 billion. Couche-Tard needed to sell the locations for competition reasons. The deal increased Parkland's station count to over 1500. 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.