Carter Oil Company to be Acquired by Parkland
Carter Oil Company, a wholesale and commercial fuel distributor based in Flagstaff, Arizona, announced today that it has entered into an acquisition agreement with Parkland through its U.S. based subsidiary (“Parkland USA”).
Parkland is one of North America and the Caribbean’s fastest growing independent suppliers and marketers of fuel and petroleum products and a leading convenience store operator.
Carter Oil has been serving Northern Arizona since 1974, and operates a cardlock and travel center, in addition to its wholesale and commercial fuel distribution operations.
“We liked how Parkland’s values mirrored ours, and this mattered as we looked to sell. We wanted to make sure our employees are taken care of, and our customers continue to receive the great service they are used to. We are confident this acquisition with Parkland will continue our tradition of putting people first,” said Paul Carter, president of Carter Oil Company.
“This acquisition complements Parkland’s existing Utah and Arizona operations and expands our presence in the high-growth regions of Northern and Western Arizona,” said Nick Carter, Vice President of Carter Oil Company. Nick will remain with Parkland USA as a Regional Branch Manager of Northern Arizona.