Parkland signs deal to buy gas station business from Crevier Group

The Canadian Press

A customer refuels a vehicle at a Royal Dutch Shell PLC gas station in Philadelphia, Pennsylvania, U.S., on Wednesday, March 17, 2021. Following last month's winter storm in Texas, the national gas price average has jumped nearly 40 cents to $2.86, reports the American Automobile Association (AAA). Photographer: Rachel Wisniewski/Bloomberg , Bloomberg

MONTREAL - The Crevier Group has signed a deal to sell its Petroles Crevier fuel division to Parkland Corp.

Financial terms of the deal were not immediately available.

The agreement covers 174 service stations including 138 retailer-owners and 36 corporate stations as well as wholesale operations.

The Crevier Group, a family-owned company, says once the sale is complete it will focus on its lubricants business, Catalys Lubricants and Crevier Lubrifiants.

It says a new warehouse is already in operation in Edmonton and other openings are expected in the coming months.

The sale is expected to close in the first quarter of 2022 and is subject to regulatory approval.