Canada’s largest independent supplier and reseller of fuels and petroleum products has extended its operations into the United States with the acquisition of a 1.1 billion litre fuel distribution company.
Read more: http://tinyurl.com/n7bp3s3
Tag Archives: acquisition
Big Country Energy purchased for $102 million
Big Country Energy Services, the locally formed pipeline company that grew into a large energy services firm in Western Canada, has been sold to a Florida-based construction consortium, as announced late last week.
Read more: http://tinyurl.com/laawpo6
City advised to acquire more land for future growth
St. Albert needs to change how it acquires land for city purposes if it wants to be ready to provide services to a larger population, council heard on Monday.
With St. Albert expected to reach a population of 100,000 by the year 2043, the city needs to start planning for the amount of land it will need for its own uses to make up for a current shortfall, explained director of economic development Guy Boston.
Read more: http://tinyurl.com/ajg7pw6
TD Bank reports $1.6 billion profit in fourth quarter, announces U.S. acquisition
TORONTO — TD Bank Financial Group (TSX: TD) is buying the U.S.-based Epoch investment management business for US$668 million in cash, a relatively modest amount for one of Canada’s biggest banking groups.
The purchase was announced as TD released its fourth-quarter and full-year results for 2012. TD reported it had $1.6 billion of net income in the fourth quarter, bringing the total for year ended Oct. 31 to $6.47 billion.
Read more: http://tinyurl.com/caeu8f4
Canadians Issue Resounding Hell-No to Beijing
In the latest rush to take advantage of oil opportunities in Canada, Exxon Mobil announced it signed a deal to acquire Celtic Exploration Ltd. for around $2.6 billion. The deal would give the U.S.-based supermajor access to shale reserves in British Columbia and Alberta. It also follows a string of moves by rival foreign companies to establish a foundation in North America. While the Canadian government is eager to entice investors to its oil reserves, recent public opinion surveys suggest most are wary of what looks like a foreign takeover of the petroleum sector.
Read more: http://tinyurl.com/9ev7jfm
Gibson Energy buying U.S. rival for $445M
CALGARY— Midstream services provider Gibson Energy Inc. of Calgary is spending $445 million US to buy a private Louisiana-based competitor with about 1,100 employees, it announced Thursday.
Read more: http://tinyurl.com/8sakr9f