Global Fuels to acquire Greenergy’s Canadian Retail Fuel Business

BURLINGTON, ONJuly 7, 2023 /CNW/ – Global Fuels is pleased to announce the acquisition of Greenergy’s Canadian retail fuel business consisting of 241 retail gas and convenience locations from Nova Scotia to British Columbia. The acquired network is one of the largest in Canada. The sites are predominantly Mobil-branded and located adjacent to Loblaw grocery stores in many of the larger communities across the country.

“This acquisition is a perfect fit for us,” said Dave Armstrong, CEO of Global Fuels. “It is consistent with our strategy to develop the leading gas station network in Canada while deepening our relationship with Imperial as a strategic Branded Wholesaler of the Esso, Mobil, and Esso Cardlock business. We look forward to collaborating with Loblaw and the PC Optimum loyalty team to continue to serve our customers and deliver the most compelling value proposition in the industry.”

“We’re excited to have the Greenergy retail team join the Global Fuels family. They bring a wealth of knowledge and operating experience, which we see as complimentary to our predominantly dealer business”, said Andrew Armstrong, Vice President of Global Fuels.

Christian Flach, CEO of Greenergy commenting on the sale said “Following three years of significant growth and development, Greenergy is divesting its Canadian retail business to focus development on its renewable project pipeline.”

Global Fuels operates a national network of Esso, Mobil, and Esso Cardlock branded fuel locations. With a core focus on enabling dealers and operators to succeed in their markets, and as an exemplary brand ambassador for Imperial evidenced by our execution standards, site-level support, and network growth, Global Fuels is the fastest growing and one of the largest gas station networks in the country.

Subject to regulatory clearance and certain customary closing conditions, this deal is expected to be completed later this year.

Scotiabank acted as exclusive financial advisor to Global Fuels on this transaction.

Global Fuels Inc.
4903 Thomas Alton Blvd., Suite 211, Burlington, Ontario L7M 0W8

Global Fuels Gives Back at the Rebecca Run for SMA

On Saturday, July 7, 2018, Global Fuels had the privilege to participate in an event that is particularly close to our hearts. The Rebecca Run for SMA is an annual event organized by Cure SMA Canada, a national charity dedicated to funding research and services for families affected by Spinal Muscular Atrophy.

We look forward to the Rebecca Run every year, and this was definitely one to remember. Here’s a rundown of what made this event so special.

The Rebecca Run and Cure SMA Canada

Cure SMA Canada is a national, volunteer-run charity on a mission to support families and individuals affected by spinal muscular atrophy (SMA) and fund Canadian research on treating or curing SMA.

SMA is a neuromuscular disorder that affects the part of the nervous system that controls voluntary muscle movement like crawling, walking, swallowing, and head and neck movement. Most affected are diagnosed at a very young age. Sadly, only 50% of babies who have SMA will live to their second birthday.

Despite the challenges, Cure SMA Canada remains hopeful and steadfast in their work to make the world better for SMA families in every province and territory.

So far, this work has been a massive source of hope. Cure SMA Canada has raised over $2.8 million to date through events like the Rebecca Run and the Angel Gala for SMA.

The Rebecca Run has been an annual fundraising event for 17 years. It includes a timed 5K.

Rebecca Run Global Fuels for SMA Cheque Presentation

Global Fuels at the 2018 Rebecca Run

Members of our team had a blast tearing up the Tom Taylor path in Newmarket, ON. Runners, walkers, volunteers, donors and sponsors came in droves, with over 500 participants overall. The weather cooperated with perfect running conditions from start to finish.

When the day was done, Global Fuels President Dave Armstrong joined organizers on stage to present a cheque for $40,000 courtesy of donations by ESSO, our dealers, and the rest of our team. This alone was exciting, but it turned out Dave had a couple of surprises for everyone.

First, he revealed we had received a last-minute donation from one of our dealers, pushing the total to $42,000.

But that’s not all.

Dave then announced that he would also be rounding the donation up to $50,000. With that, the funds raised by the Rebecca Run totalled an incredible $115,000!

Combined with the beautiful weather and inspiring turnout, Global Fuels’ surprise contribution made this year’s run especially memorable for our team.

We’re thankful to our generous dealers and partners for making this donation possible. When you commit to helping people succeed, they give back in incredible ways. It makes the work we do each day feel all the more meaningful.

See you again next year!