McDougall Energy acquires Dowler-Karn
McDougall Energy Inc. announced the acquisition of Dowler-Karn.
Dowler-Karn is a family-owned fuels, propane, and lubricants distributor, supplying products to customers across Ontario. Through this acquisition, Dowler-Karn will continue to operate under its family name and management as a division of McDougall Energy Inc.
“The acquisition of Dowler-Karn brings two 70+ year old family businesses together,” said Darren McDougall, President, McDougall Energy Inc. “This unique opportunity allows us to acquire one of the best family-owned and managed petroleum businesses in Canada and will add significant scale to our business in Southwestern Ontario.”
McDougall Energy is a third-generation, family-owned Canadian business headquartered in Sault Ste. Marie, Ont., and is a family-owned fuel and lubricant marketer and distributor in Canada.
“Deciding to sell Dowler-Karn was a very difficult decision, but choosing to sell it to McDougall Energy was not,” said David Karn, President, Dowler-Karn Limited. “After all, they are a third-generation family-owned and operated business, built on similar values as Dowler-Karn, which makes this a perfect fit. The talents and strengths of our teams will position our combined organization in a trajectory of continued success for years to come.”