Parkland Fuel Corporation (TSX:PKI) entered into a definitive agreement to acquire SPF Energy, Inc. for approximately CAD 110 million in cash and stock on November 7, 2013. Parkland will pay CAD 89 million in cash and issue its shares for CAD 21 million. Parkland intends to leverage its strong balance sheet position to fund the majority of the transaction. The transaction is subject to the receipt of all necessary third party and regulatory consents and approvals, including the approval of the Toronto Stock Exchange and closing is expected to be effective on January 1, 2014. Kimberley R. Anderson, Jonathan Van Horn of Dorsey & Whitney LLP acted as legal advisors to Parkland.

Parkland Fuel Corporation (TSX:PKI) completed the acquisition of SPF Energy, Inc. for approximately CAD 110 million on January 8, 2014. The consideration includes CAD 67 million cash, the assumption of approximately CAD 18 million debt and the issuance of 1.2 million common shares of Parkland.