Parkland (OTCMKTS:PKIUF) is an independent downstream energy and convenience retailer that specializes in the marketing, distribution and sale of refined petroleum products. The company operates through three core segments: retail fuel and convenience, commercial fuel solutions, and wholesale distribution. Its retail network comprises company-operated and branded partner sites offering gasoline, diesel, high-performance lubricants and propane alongside convenience store merchandise. In the commercial segment, Parkland serves industrial, agricultural and municipal customers with bulk fuel deliveries and card-lock systems. The wholesale division supplies fuels, asphalt and specialty products to resellers, government agencies and large-scale infrastructure projects.
Parkland’s retail footprint extends across Canada, the United States, the Caribbean and Latin America under a variety of well-known banners. In Canada, the company operates stations under brands such as Ultramar, Pioneer and Chevron, while in the U.S. it has expanded its presence through the acquisition of CST Brands and the RaceTrac convenience network. In the Caribbean and Latin America, Parkland markets fuels under the Sol and Vivo! banners, supplying local markets with refined products and lubricants. This diversified geographic presence allows the company to leverage regional refining, transportation and storage assets.
The company traces its origins to independent fuel distributors in the late 20th century and has grown through a series of strategic acquisitions and organic expansions. Parkland’s emergence as a major regional player accelerated with the acquisition of Pioneer Energy in 2016 and the purchase of CST Brands in 2017, which significantly increased its retail and commercial fueling capabilities. Subsequent transactions in the Caribbean, Latin America and the U.S. have further broadened Parkland’s supply chain network, enabling direct access to refineries, terminals and logistics infrastructure.
Under the leadership of President and Chief Executive Officer Bob Espey, Parkland has focused on integrating its supply chain, optimizing its retail and commercial operations and pursuing disciplined growth. The company emphasizes operational efficiency, environmental stewardship and community engagement as pillars of its strategy. Parkland’s management team continues to explore targeted acquisitions and partnerships that align with its goal of building a resilient, customer-focused energy and convenience platform in dynamic markets.
