Bradco Fuels and Lubricants Acquired by Parkland Fuel Corporation
Bradco to drive organic growth in fuels and lubricants across Northern Arizona region
Parkland Fuel Corporation (“Parkland”), one of North America’s fastest growing independent suppliers and marketers of fuel and petroleum products, through a wholly owned subsidiary, has entered into an agreement to purchase the assets and business of Bradco Inc. and its affiliates (“Bradco”) a distributor of fuels, lubricants, a diesel fuel, gasoline, motor oil, lubricants and cardlock services company in Northern Arizona.
Parkland recently acquired Rhinehart Oil in the Rockies and MVP in the Dakotas.
Bradco is a preferred provider of petroleum products and services to customers throughout the Southwest, distributing ExxonMobil lubricants and specialty products. Additionally, Bradco distributes cardlock fuels and bulk oils from its warehouses and terminals to locations in Arizona and New Mexico. Bradco has four Pacific Pride cardlock facilities, located in Holbrook, Show Low, Payson and Springerville, Arizona.
“As third generation owners who have been in the fuel business since 1936, it is with pride that we unite with Parkland Fuel Corporation. We now have the ability to grow organically with the additional national resources and this will benefit our customers in the regions we serve,” said John Bradley, Bradco president.
Under the terms of the Bradco acquisition agreement, Parkland has agreed to acquire all of the real estate assets used in the operation of Bradco’s business.
“Parkland values Bradco’s credible reputation as a regional leader in fuels and lubricants. Today’s announcement adds another competitive advantage to offering multi-state fuel distribution in Arizona, New Mexico, Colorado and Utah,” said John Jardine, Co-CEO of Rhinehart Oil and Leader of the Rockies Regional Operating Center, Parkland USA.
Bradco will operate under Parkland USA, a division of Parkland comprised of several Parkland wholly owned subsidiaries.
About Parkland USA
Parkland USA, a division of Parkland comprised of several Parkland wholly owned subsidiaries specializing in the retail, commercial and supply fuel operations. Parkland USA operates 45 convenience stores, 170 dealers, 300 trucks, and 12 cardlocks with 850 employees. At the core of its strategy are its people, as well as its values of safety, integrity, community and respect. Parkland is Canada’s largest and one of North America’s fastest growing independent suppliers and marketers of fuel and petroleum products and a leading convenience store operator. Parkland services customers through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating the Parkland Burnaby Refinery, and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings, including it’s On the Run/Marché Express banners, in the communities it serves. More information can be found at www.parkland.ca