Columbia Fuels sold for $34.5 million
Posted 16 June 2009 - 12:03 AM
Victoria-based Columbia Fuels, the largest supplier of home heating oil on Vancouver Island and the first company in Canada to develop bio-diesel for residential and commercial use, has been sold to an Alberta company.
Columbia Fuels president Jim Smith confirmed late yesterday a deal had been struck with Parkland Income Fund of Red Deer.
The cash and stock deal is worth $34.5 million.
Parkland is one of Western Canada's largest operators in bulk fuels and heating oils and operates several retail and wholesale brands, including Fas Gas, Race Trac Fuels, Neufeld and United Petroleum.
Smith and partner Bruce Nagel acquired Columbia — the former Payless Gas home heating unit — in 1993 after Shell Canada took over Al Vandekerkhove's retail gas empire.
© Copyright © Canwest News Service
Posted 18 June 2009 - 04:57 PM
Posted 22 February 2011 - 07:33 AM
Posted 22 February 2011 - 04:54 PM
Posted 22 February 2011 - 06:50 PM
So you worked for Columbia for 16 years and now you're fired when Parkland took over, and Columbia is the bad company?
Posted 23 February 2011 - 04:19 PM
Sounds like a disgruntled employee looking to stir things up. Saying that people have been let go is one thing, saying that their inspectors and staff are crooked is another.
Mods should remove these comments in my opinion.
Posted 23 February 2011 - 08:26 PM
Posted 23 February 2011 - 09:15 PM
One of the companies I owns deals with Columbia thru their commerical cardlock and I must say, they are a very professional business and well organized
Posted 21 April 2011 - 11:58 PM
Posted 22 April 2011 - 04:50 AM
What does Columbia Fuels have to do with Payless? You make it sound like the two companies are related. Sorry you lost your job but it happens with consolidation.
Sounds to me like Parkland is trying to do the right thing by compensating people who were out of pocket during the shutdown and paying the cleanup expenses. Accidents happen but at least Parkland has the $$$ to cover the bills, Columbia would have been in over their heads.
Posted 22 April 2011 - 07:09 AM
too bad most victorian's are sensless no minds, living in a dream world of no return
You lost my respect at this point.
Posted 23 April 2011 - 11:51 AM
Posted 14 August 2011 - 09:58 AM
and another columbia is or was a part of a organized criminal group
Aren't all oil companies essentially organized criminal groups?
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Posted 14 August 2011 - 11:02 AM
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