McDougall Energy Inc. announces an agreement in principle to acquire the business interests of Dowler-Karn
Sault Ste. Marie, ON (October 29, 2021):McDougall Energy Inc. and Group of Companies (“McDougall Energy”) is excited to announce that an agreement in principle has been reached to acquire the business interests of Dowler-Karn Limited (“Dowler-Karn”), headquartered in St. Thomas, Ontario. This deal is anticipated to close in the first quarter of 2022, pending final approval from government regulators and subject to customary closing requirements.
Dowler-Karn is a family-owned fuels, propane, and lubricants distributor, supplying products to customers across Ontario. They are pioneers in propane distribution and storage facility construction. With over 78 years in business, Dowler-Karn services over 18,000 residential, agricultural, commercial, and industrial customers from eight fuel, propane, and lubricant plants and nine 24-hour fuel access centres located across Southern Ontario.
McDougall Energy and Dowler-Karn are proud to be third-generation, family-owned, Canadian businesses with similar origins and values. With over 150 years of combined industry experience, McDougall Energy and Dowler-Karn have worked hard to develop strong relationships and reputations in the communities where they operate as reliable and customer-focused service providers.
Established in 1949, McDougall Energy is a third-generation, family-owned Canadian business headquartered in Sault Ste. Marie, Ontario. As one of the largest, most diversified, 100% family-owned fuel and lubricant marketers and distributors in Canada, McDougall Energy has local offices across Ontario and team members in Western Canada. Family values and community-mindedness remain essential to its success and how business is done. Each local office is staffed by team members who live and work in the communities they operate within and are committed to continuing to build and maintain strong customer relationships.
About McDougall Energy Inc.
McDougall Energy Inc. is a privately-owned, third-generation Canadian family business that has been serving households, businesses, motorists, and wholesale energy customers since 1949. The Company is a trusted distributor and marketer of propane, Esso, and Shell fuel products and lubricants. McDougall Energy offers its products and services across the country with local offices and teams in Ontario and Western Canada. The Company owns a network of Esso and Shell branded retail stations and its own proprietary Pump retail brand. McDougall Energy Inc. has been recognized as one of Canada’s Best Managed Companies for ten consecutive years, achieving Best Managed Platinum Member status.
Learn more at www.mcdougallenergy.com
About Dowler-Karn
Dowler-Karn Limited is an industry leader, distributing energy products such as Propane, Esso Fuels and Mobil Lubricants to communities throughout Southwestern Ontario. With a service network comprised of eight (8) branch offices and nine (9) 24-hour fuel access centres, Dowler-Karn proudly services over 18,000 residential, agricultural, commercial, and industrial customers. Since 1943, Dowler-Karn has endeavoured to exceed customer expectations by providing quality products and exceptional service. Its success over decades can be attributed to a progressive customer service mindset coupled with a strong commitment to community, rooted in the company’s traditional family values.
Learn more at www.dowlerkarn.com
For media inquiries, please contact:
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McDougall Energy Gabrielle Sarlo Corporate Communications Manager Phone: 705-206-2658 |
Dowler-Karn Dan Kelly, CPA CGA Chief Financial Officer Phone: 519-631-3810 Email: dkelly@dowlerkarn.com |