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Calgary-based fuel retailer Parkland Corporation announced its intention to divest its Florida-based retail and commercial businesses as part of a strategic initiative to streamline operations and focus on higher-return opportunities.
The Florida assets for sale include about 100 retail locations, nine cardlock facilities, and four bulk storage plants and warehouses across the state.
Parkland expects to complete the sale within the next 12 to 18 months.
Parties
Company
Parkland Corporation
Company
Florida retail and commercial fuel business
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date