Parkland’s C$322 Million Acquisition of M&M Food Market

Torys LLP acted as counsel to Parkland in connection with the acquisition of M&M Food Market.

Parkland Corporation has entered an agreement to acquire M&M Food Market as part of its expansion and innovation strategy for approximately C$322 million.

The acquisition includes over 300 standalone franchise and corporate owned stores, as well as 2,000 M&M Express locations and a rewards program with approximately two million active members.

The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including approval under the Competition Act (Canada).

M&M Food Market is Canada’s leading retailer of frozen foods and has helped Canadians put delicious meals on the table by offering consumers products that were prepared with care using authentic recipes and high-quality ingredients along with personalized customer service, all within a uniquely convenient shopping environment.

Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale.

The Torys team included Michael Akkawi (Picture), Brook Wong and Christina MacKinnon (corporate/M&A), Mitch Frazer, Brad Tartick, Penny Harding and Christophe Cinqmars-Viau (pensions and employment), Ebad Rahman (contracting), Omar Wakil and Eric Patenaude (competition), Andy Gibbons and Tristan McLeod (real estate), Dennis Mahony and Henry Ren (environmental), Ed Fan, Teresa Reguly and Yu Seon Gadsden-Chung (IP and regulatory) and Andrew Wong (tax).

Involved fees earner: Michael Akkawi – Torys LLP; Christophe Cinqmars-Viau – Torys LLP; Edward Fan – Torys LLP; Mitch Frazer – Torys LLP; Yu Seon Gadsden-Chung – Torys LLP; Andy Gibbons – Torys LLP; Penny Harding – Torys LLP; Christina Mackinnon – Torys LLP; Dennis Mahony – Torys LLP; Tristan McLeod – Torys LLP; Eric Patenaude – Torys LLP; Ebad Rahman – Torys LLP; Teresa Reguly – Torys LLP; Henry Ren – Torys LLP; Brad Tartick – Torys LLP; Omar Wakil – Torys LLP; Brook Wong – Torys LLP; Andrew Wong – Torys LLP;

Law Firms: Torys LLP;

Clients: Parkland Fuel Corporation;

Sonia Carcano

Author: Sonia Carcano