Calgary, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Bar W Petroleum and Electric Inc. (“Bar W”) a wholly owned subsidiary of United Farmers of Alberta Co-operative Limited (“UFA”) is proud to announce the acquisition of all of the assets of All Peace Petroleum Ltd. (“All Peace”), head-quartered in Grande Prairie, Alberta.
The All Peace operations are focussed on downstream maintenance, calibration and construction as well as a tank sales, rental and mobile cardlock solutions business.
All Peace will be branded as “All Peace, a division of Bar W Petroleum & Electric Inc.”. All Peace represents a strong expansion opportunity for the existing Bar W operations, expanding its downstream maintenance, calibration services and construction footprint in northern Alberta.
“This purchase enables UFA’s Bar W business to be more competitive in the marketplace, providing downstream services and mobile tank solutions when and where our customers need them,” says Don Smith, UFA’s Vice President, Petroleum. “This allows our Bar W business to better service their customer’s and UFA’s petroleum networks with effective timeline maintenance services that increase end-customer service availability.”
“I am very excited about the agreement between Bar W and All Peace,” says Mike Brochu, former President and majority owner of All Peace. “For nearly 30 years All Peace has continuously strived to increase the ability to better serve our customers, this acquisition by Bar W will do just that.” Mike Brochu will stay on with All Peace, a division of Bar W Petroleum & Electric Inc. in a senior manager position.
“Northern Alberta is a critical geographical area as it pertains to petroleum related site maintenance,” says Carol Kitchen, UFA President and CEO. “All Peace presents an opportunity that will provide greater services for our UFA petroleum network as well as the Bar W business and ultimately benefit our members and customers in the Peace Country.”
Kitchen says UFA remains committed to investing in its network. “We have a responsibility to look after the needs of our petroleum customers, to be environmental stewards, and to make decisions that are also in the best interest of the Co-operative. This acquisition allows us to do all of those things,” adds Kitchen. “Ultimately our vision is to be recognized as the most trusted and reliable supplier of petroleum, crop, livestock, building products and services in the markets we serve.”
-30-
About United Farmers of Alberta Co-operative Limited
Founded in 1909, United Farmers of Alberta Co-operative Limited is an Alberta-based agricultural co-operative with more than 120,000 member-owners. UFA’s network comprises more than 111 bulk fuel and Cardlock Petroleum locations, 35 Farm & Ranch Supply stores, the operations of Bar W Petroleum & Electric Inc., and a support office located in Calgary, AB. Independent Petroleum Agents and more than 950 UFA employees provide products, services and agricultural solutions to farmers, ranchers, members and commercial customers in Alberta, British Columbia and Saskatchewan. For more information, please visit UFA.com.
About All Peace Petroleum Ltd.
All Peace Petroleum Ltd. was established in 1990. Starting out as a small maintenance company, they grew to include a construction division in 1995, tank sales and rental divisions in 2000. On January 3, 2006 they became certified to perform inspections pursuant to the Weights and Measures Act through Measurement Canada. All Peace is proud to serve their customers and will continue to work hard to stay at the forefront of the industry. All Peace Petroleum Ltd. is based out of Grande Prairie, Alberta, but services extend to throughout Alberta, British Columbia, Saskatchewan, Manitoba, Northwest Territories, and the Yukon.
About Bar W Petroleum & Electric Inc.
Bar W Petroleum & Electric Inc. (“Bar W”) is wholly owned and operated by the United Farmers of Alberta Co-operative Limited. It is a diverse contracting and service company supporting two major industry sectors in Alberta, the Industrial/Commercial Electrical Industry, and the Downstream Petroleum Industry. Bar W has built a strong foundation of people, reputation, and integrity since 1988. Bar W has continued to grow within and support the two industry sectors maintaining the status of an industry leading company. Bar W also offers clients in the Downstream Petroleum sector a complete fuel management solution with the equipment required to manage, control, and report their fuel delivery operations.