Salt Lake City’s Kellerstrass Oil Co. has been purchased by Calgary, Alberta, Canada-based Parkland Fuel Corp. Parkland made the acquisition through its wholly owned United States subsidiaries, known collectively as Parkland USA.
Based in Salt Lake City, Kellerstrass is a regional retail lubricants dealer and commercial fuel business with branches in Utah, Idaho and Wyoming. In addition to its trucking, routing and distribution operations, Kellerstrass brings a strategic 17-car rail spur and storage assets, commercial card locks and an 84-location dealer business. Parkland said the acquisition will complement and strengthen its existing Rockies Regional Operating Center.
“We continue to deliver on our growth strategy and expand our U.S. footprint,” said Doug Haugh, president of Parkland USA. “We expect this acquisition will support the growth of our North America diesel platform, create supply efficiencies and deliver logistical benefits. We are delighted to enter the Idaho market and expand our presence in Wyoming and look forward to welcoming the Kellerstrass team to Parkland.”
The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2020.