Firm News
Jan 22, 2014
Seyfarth Represents SPF Energy Inc. in Acquisition by Parkland Fuel Corporation
Contacts:
Brian Kiefer, Director of Public Relations
(312) 460-6401, bkiefer@seyfarth.com
Ivette Delgado, Public Relations Manager
(212) 218-5273, idelgado@seyfarth.com
CHICAGO (January 22, 2014) – Seyfarth Shaw LLP advised SPF Energy, Inc., a North Dakota-based company engaged in the energy distribution business, in connection with its acquisition by Parkland Fuel Corporation, an Alberta-based petroleum products marketer.
Under the terms of the acquisition, which closed on January 8, the total consideration for all outstanding shares of SPF Energy was $105 million USD / $113 million CAD. The purchase price consisted of approximately $85 million USD in cash and 1.2 million common shares of Parkland, which is publicly traded on the Toronto Stock Exchange.
The Seyfarth M&A team was led by Chicago Corporate partners Steven Meier and Matt Hafter, and included Corporate attorneys Colleen Kelly Gomos (Chicago), Mike Rosenthal (New York) and Greg Sale (Atlanta), as well as Real Estate attorney Melissa Vandewater (Chicago), Environmental partner Jeryl Olson (Chicago) and attorney Craig Simonsen (Chicago), and Employee Benefits attorney Zach Robert (Chicago) with assistance on governmental approval matters from Corporate partner Bob Sell (Chicago) and Litigation partner Joe Dyer (DC).
Seyfarth Shaw has more than 800 attorneys and provides a broad range of legal services in the areas of labor and employment, employee benefits, litigation, corporate and real estate. With offices in Atlanta, Boston, Chicago, Houston, London, Los Angeles, Melbourne, New York, Sacramento, San Francisco, Shanghai, Sydney and Washington, D.C., Seyfarth’s clients include over 300 of the Fortune 500 companies and reflect virtually every industry and segment of the economy. A recognized leader in delivering value and innovation for legal services, Seyfarth’s acclaimed SeyfarthLean client service model has earned numerous accolades from a variety of highly respected third parties, including industry associations, consulting firms and media. For more information, please visit www.seyfarth.com.
