Announced
Financials
Sources
Tags
Diversified Retailers
Canada
Acquisition
Merger
Pending
Single Bidder
gas stations
convenience stores
Majority
Private
Friendly
Cross Border
Synopsis
Greenergy, an international supplier of transportation fuels, agreed to merge with BG Fuels, a Canadian gasoline and convenience retailer. Financial terms were not disclosed. "Since entering the Canadian market in 2013, Greenergy has invested in strategic infrastructure in Ontario to deliver low-cost and resilient fuel supply to customers, and also introduced two new retail brands for the independent dealer market. The merger with BG Fuels will allow us to extend our supply footprint and retail offer across Canada, enabling significant future growth. The experience and resources of both businesses will further strengthen our retail offer to the independent dealer market," Christian Flach, Greenergy CEO.
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