On October 1, 2017, Chevron Canada Limited completed an agreement with Parkland Fuel Corporation for the shares of Chevron Canada R&M ULC, which operates a Canadian integrated downstream fuel business, for a total value of approximately $1.46 billion.
The acquisition included 129 Chevron-branded retail service stations principally located in Metro Vancouver, 37 commercial cardlock and three marine fueling locations, a complimentary refinery in Burnaby, and a wholesale business which includes aviation fuel sales to the Vancouver International Airport.
As a result of this acquisition, Parkland Fuel Corporation became Canada's largest fuel retailer.
Osler, Hoskin & Harcourt LLP represented Chevron Canada Limited with a team consisting of Rob Desbarats, Janice Buckingham, Katherine Royer, Kevin Lemke (Corporate), Peter Glossop and Jaime Auron (Competition/Antitrust), and Dominic Mochrie (Commercial).