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Otter Co-op is expanding with the acquisition of 25 more retail fuel sites in B.C.

The announcement was made late last week, on the same day the Aldergrove-based co-operative held its annual fundraising golf tournament in Pitt Meadows.

The new gas bars and convenience stores are located in Chilliwack, Harrison Hot Springs, Hope, Ashcroft, Squamish, Whistler, Pemberton, Princeton, Savona, Kelowna, Osoyoos, Penticton, Kamloops, Winfield, Summerland, and Rock Creek. They香蕉视频直播檙e situated throughout the B.C. Interior and Lower Mainland region, where Otter Co-op already operates 11 existing stations 香蕉视频直播� with five more slated for construction during the next year, said Jack Nicholson, Otter Co-op CEO.

This will allow Otter Co-op to grow its services in existing communities and expand into new areas, Nicholson confirmed during the official announcement last Thursday evening at the organization香蕉视频直播檚 golf tournament香蕉视频直播檚 banquet.

香蕉视频直播淲e香蕉视频直播檙e so proud to share this announcement香蕉视频直播� As a co-op, we香蕉视频直播檙e focused on investing in our communities and bringing value to our members,香蕉视频直播� Nicholson said.

香蕉视频直播淎dding these sites to our fuel network signals our co-op香蕉视频直播檚 commitment to growing and serving our communities for the long term,香蕉视频直播� he added.

For the past 12 years, Otter has been expanding and diversifying.

In addition to the operations in Aldergrove, there are eight gas stations in the Lower Mainland, plus Otter runs another feed mill in Armstrong, a couple gas bars in the Interior, and 26 liquor stores (about half in the Interior).

This announcement drew strong applause from a crowd of about 135 golfers at Golden Eagle Golf Course in Pitt Meadows on Aug. 25.

Nicholson explained how these retail fuel sites were purchased from Federated Co-operatives Limited (FCL) as part of its agreement to acquire 171 Husky retail fuel sites from Cenovus Energy Inc., which was announced in November 2021. Otter香蕉视频直播檚 portion of that was the 25 gas bar.

香蕉视频直播淚t香蕉视频直播檚 a significant investment for our members, and a significant return for our members, as well, because petroleum still makes up a fairly significant portion of our bottomline,香蕉视频直播� Nicholson explained.

香蕉视频直播漌e know, long term, that petroleum is going to decline. But at this time, it is currently strong, and again as I say, it香蕉视频直播檚 still a very big piece of our bottomline. And, the locations are great locations for the future too, whether they are convenience stores, or pharmacies, or liquor stores. But that香蕉视频直播檚 30 years from now, because people are still going to be driving.香蕉视频直播�

Otter Co-op will officially take ownership of these additional fuel sites on Tuesday, Sept.13.

香蕉视频直播淚t香蕉视频直播檚 fantastic. It香蕉视频直播檚 some great expansion. It香蕉视频直播檚 some great bottomline returns for our members for the next several years, for sure. And it continues to fill in some of those gaps where we don香蕉视频直播檛 have services yet香蕉视频直播� the big thing for folks is that then that money stays in the community. We are here in B.C., and that money stays here in B.C. It doesn香蕉视频直播檛 go to Toronto or Texas.香蕉视频直播�

These fuel sites will continue to operate under the Husky brand until they are re-branded as co-op or one of co-op香蕉视频直播檚 independent brands, Nicholson explained.

香蕉视频直播淢y Husky Rewards香蕉视频直播� members can still earn and redeem points on all applicable transactions at Husky-branded sites, and Husky gift cards can still be redeemed at any Husky-branded sites as a form of payment, but can no longer be purchased, the CEO noted.

Co-op members will not be able to use their co-op numbers at the new locations, he explained, while they are branded as Husky.

Otter has been working on this deal for more than three years, and Nicholson said it was only a happy coincidence that the competition bureau released the sale on Thursday, the same day as their golf tournament.

香蕉视频直播淭he timing was just great,香蕉视频直播� he said. 香蕉视频直播淚n fact, the timing was perfect.香蕉视频直播�

During last week香蕉视频直播檚 golf event, Nicholson was also able to make a surprise announcement.

While giving out awards to 34 participating teams at the day-long event 香蕉视频直播� which is designed for team members and vendors of Otter Co-op and Angry Otter Liquor stores 香蕉视频直播� he gave the top winners from BC Lottery Corp. their first-place trophy, Apple AirPods for each team member, and a chance for the team to pick a local charity to receive $10,000 香蕉视频直播� proceeds from this year香蕉视频直播檚 tournament.

The lottery team was given four charities to chose from, and they opted to give the $10K to BC Children香蕉视频直播檚 Hospital, a non-profit organization that was receiving a call early this week to learn of the unexpected donation.

In past, the money raised in the Otter Co-op tournament has been used for prizing. But this year, with sponsorships and registration fees, the large number inspired them to do something for the community, Nicholson said.

香蕉视频直播淲e thought it is so significant, let香蕉视频直播檚 do something good with it. And again, we want to be about building community and giving back, so we thought this was a great opportunity to donate a good chunk of the golf tournament towards a charity.香蕉视频直播�

Nicholson also shared that Sept. 20 is Fuel Good Day, where 10 cents from every litre of gas pumped at their existing and new gas bars goes to Abbotsford Hospice Society, Canuck Place Children香蕉视频直播檚 Hospice, and Encompass Support Services Society.

香蕉视频直播淲e香蕉视频直播檙e expecting that to be at least a $20,000 donation, so we hope people will fuel up and fuel good,香蕉视频直播� he said.

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