Mergers & Acquisitions

Groupe Filgo-Sonic emerges as new key player in Canada’s energy product distribution sector

Groupe Filgo-Sonic emerges as new key player in Canada's energy product distribution sector
Photo courtesy of La Coop fédérée.

The merger between Canada’s Groupe Filgo, which operates 145 service stations, 15 distribution centres, 12 self-serve truck sites and 10 regional storage sites, and Sonic, which operates 152 service stations in Québec, 21 depots and self-serve truck sites, became a reality on 24 October 2016. The merger was announced in December 2015.

Groupe Filgo-Sonic, a 100 % Québec enterprise, said that it intends not only to reinforce its presence in Québec, but also to grow throughout Eastern Canada.

The combined strengths of the two companies specialising in the distribution of energy products, and the size of their footprint in the areas in which they are active, are assets which Groupe Filgo-Sonic can count on to support its growth.

The combined company will distribute 1.6 billion litres of fuel a year, through 300 service stations, 24 business locations and 166 distributors and delivery agents. Its annual turnover is approximately CAD1.5 billion (USD1.1 billion).

”Groupe Filgo-Sonic anticipates becoming one of the largest purchasers of petroleum products in Québec and, at the same time, one of the largest energy distributors in Eastern Canada,” according to the President-General Manager of the new entity, Michel Lehoux.

“We have also set ourselves two major objectives, these being to focus on new energies in order to be the forerunner in their distribution, and to become the gold standard in terms of customer experience,” Lehoux said.

Demo 870×90

You may also like