Parkland Corporation (TSX:PKI) entered into an agreement to acquire Pétroles Crevier Inc. from Groupe Crevier Inc. on July 6, 2021. Pursuant to agreement, 75% of the transaction consideration will be funded out of existing credit facility capacity, and the remaining 25% with Parkland common shares issued from treasury. The transaction is subject to approval under the Competition Act (Canada) and other customary closing conditions and is expected to close in the first quarter of 2022.

PricewaterhouseCoopers Corporate Finance Inc. acted as financial advisor and Fasken acted as the legal advisors to Crevier Group on the transaction. Sven Milelli, Chrystelle Chevalier-Gagnon, Jin Ge Li, Ariel Parienti, Nicholas Alevras, Marie-Pier Gosselin, Danielle Gagnon, Dominique Amyot-Bilodeau, Jason Gudofsky, Kate McNeece, Nikiforos Iatrou, Vincent Yip, Alexandre Buswell and Fred Purkey of McCarthy Tétrault LLP acted as the legal advisor to Parkland Corporation.