Conrad & Bischoff Inc. to be Acquired by Parkland
Allows organic growth opportunities throughout Idaho, Wyoming, Utah, Nevada and Montana
Conrad & Bischoff Inc., a market leading retail, commercial, wholesale and lubricant business with operations in Idaho, announced today that it has entered into an acquisition agreement with Parkland Corporation (“Parkland”) through its U.S.-based subsidiaries (“Parkland USA”). Parkland is one of North America’s and the Caribbean’s fastest growing independent suppliers and marketers of fuel and petroleum products.
Headquartered in Idaho Falls, Conrad & Bischoff is one of the largest fuel distributors in Idaho, with operations concentrated in Idaho and western Wyoming with additional distribution into parts of Utah, Nevada, and Montana. Operations include:
Conrad & Bischoff owns and operates 17 P66-branded retail sites (including one Travel Centre) in three states (ID = 14, WY = 2, UT = 1). The Company also operates two Shell-branded retail sites in Jackson, WY and Elko, NV (properties are leased). All retail backcourts are branded with C&B’s proprietary brand “KJ’s Super Stores”. 15 locations have carwashes and three have a QSR offering. The Travel Centre includes a cardlock and seven other retail sites are equipped to serve fleet customers and are a part of the CFN network.
Commercial (incl. Wholesale):
Terminals: Conrad & Bischoff owns and operates two terminals in Nampa, ID, and Idaho Falls, ID, with a combined tank storage capacity of 8.0MMG (7.2MMG is allocated to diesel). Each terminal has rail connectivity with a combined capacity of 88 rail cars. The Company owns and operates one cardlock on the Nampa, ID property.
Bulk Plants: Conrad & Bischoff owns and operates two bulk plants in Idaho Falls, ID and Jackson, WY.
Dealer Business: Supplies fuel to 39 dealers (P66 = 36, Marathon = 2, Shell = 1), in 3 states (ID = 33, WY = 4, MT = 2).
Lubricants: ExxonMobil lubricants distributor, plus a selection of ancillary products. Operates one Mobil 1 Lube Express℠ location adjacent to the Idaho Falls bulk plant.
“Our assets, including our extensive rail networks and storage facilities, make a strong infrastructure connection for Parkland’s existing operations in Utah, Colorado, Montana, and the Dakotas, which will provide our employees more growth opportunities and enable even greater service for our customers,” said Jared Neville, board member of Conrad & Bischoff. “More importantly, however, our decision to join forces with Parkland was due to the longstanding, deep and caring relationship we have had with Parkland USA’s leadership team that gave us comfort and confidence that the acquisition and integration would be handled the right way.”
The acquisition is expected to close in the second quarter.
Conrad & Bischoff will operate under Parkland USA, a division of Parkland, comprising several of Parkland’s wholly owned subsidiaries, and operate as its own Regional Operating Center.
About Conrad & Bischoff
Conrad & Bischoff has been a family owned and operated business since 1959. With more than 400 employees, Conrad & Bischoff is one of the largest fuel distributors in Idaho, with operations concentrated in Idaho and Western Wyoming with additional distribution into parts of Utah, Nevada, and Montana.