Over 240 Retail Gas And Convenience Store Locations Across Canada
Global Fuels, the leading Esso and Mobil fuel distributor across Canada has announced the acquisition of Greenergy’s Canada-based retail fuel business. The acquisition brings over 240 retail gas and convenience stores in provinces nationwide.
The network is one of Canada’s largest, with sites primarily branded under Mobil and located near Loblaws grocery stores, one of the most successful grocery chains in the country. This provides a consistent and vast clientele base for the gas and convenience locations.
With a strong presence nationwide, Global Fuels manages a comprehensive network of fuel locations under the renowned brands of Esso, Mobil, and Esso Cardlock.
The company’s focus lies in facilitating the success of dealers and operators within their markets. As a trusted brand ambassador for Imperial, Global Fuels demonstrates dedication through impeccable execution standards, unwavering site-level support, and continuous network expansion. These efforts have positioned Global Fuels as the fastest-growing and one of the largest gas station networks in the nation.
Scotiabank, one of the nation's leading banking companies, was the exclusive financial advisor on the transaction. The deal is projected to be complete sometime later this year depending on regulatory clearance and customary closing conditions.
Developing The Leading Gas Station Network
To learn more about the acquisition deal and how it will affect Global Fuels growing Canadian network, check out Newswire.ca:
"’ This acquisition is a perfect fit for us,’ said Dave Armstrong, CEO of Global Fuels. ‘It is consistent with our strategy to develop Canada's leading gas station network while deepening our relationship with Imperial as a strategic Branded Wholesaler of the Esso, Mobil, and Esso Cardlock business. We look forward to collaborating with Loblaw and the PC Optimum loyalty team to continue serving our customers and delivering the industry's most compelling value proposition.
‘We're excited to have the Greenergy retail team join the Global Fuels family. They bring a wealth of knowledge and operating experience, which we see complementary to our predominantly dealer business’, said Andrew Armstrong, Vice President of Global Fuels.
Christian Flach, CEO of Greenergy, commenting on the sale, said ‘Following three years of significant growth and development, Greenergy is divesting its Canadian retail business to focus development on its renewable project pipeline.’"
From Global Fuels To Acquire Greenergy's Canadian Retail Fuel Business - Newswire
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Written by Fuel Pro Source
July 7th, 2023