Rhinehart Oil Co., Inc. Acquired by Parkland USA
Allows Rhinehart to Grow Organically by Leveraging Greater Scale and Additional Resources
Aug. 13, 2018
AMERICAN FORK, UT – Rhinehart Oil Co., Inc, a lubricants, commercial fuel and retail business with operations in Utah, Colorado, Wyoming and New Mexico, announced today it has been acquired by Parkland USA, a subsidiary of Parkland Fuel Corporation (TSX:PKI), Canada’s largest and one of North America’s fastest growing independent suppliers and marketers of fuel and petroleum products.
Rhinehart is headquartered in American Fork and transports, distributes and markets a full range of fuels, lubricants and chemical products in addition to providing equipment and one-stop shop servicing to its customers in the region. Rhinehart operates and supplies four cardlock locations and markets and distributes out of its ten distribution facilities. www.rhinehartoil.com
Harts Gas and Food retail convenience stores are part of the Rhinehart brand. With nine retail locations, Harts is known for their fountain drinks, snacks, and friendly customer service. www.hartsgasandfood.com
“Today’s news is in the best long-term interest of Rhinehart’s employees, customers and suppliers. Our name and brand will remain the same. We will retain our local touch and our employees will continue to be a major part of the fabric of the communities we serve,” said Dave Jardine, Rhinehart Co-CEO.
“The great benefit is we can now tap into the resources of a nationally-respected industry partner, which we can leverage for significant growth based on the Rhinehart platform,” said John Jardine, Rhinehart Co-CEO.
About Parkland USA
Parkland USA is a subsidiary under Parkland Fuel Corporation (PKI). 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 creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization. More information can be found at www.parkland.ca