K2 Petroleum acquires 10 Acre Truck Stop in Belleville, Ontario
K2 Petroleum announced today the successful acquisition of 10 Acre Truck Stop in Belleville, Ontario. 10 Acre is one of Canada’s largest truck-stops opened in 1977 just off Highway 401, Exit 538 on Wallbridge Loyalist Road. The transaction will further solidify K2 Petroleum’s commitment to establish a nationwide network of fueling stations and better service its customers.
Amenities at the new K2 Belleville location will include eight diesel refueling lanes, EV charging stations, convenience stores, truck wash, chrome, tire and truck repair shop, free parking, CAT Scale, showers, laundry facilities, driver’s lounge, restaurant, Tim Hortons, Wi-Fi and ATMs.
“We are pleased to have the opportunity to acquire this landmark site being of strategic importance for truckers travelling through one of Canada’s busiest corridors.” says Kailash Kasal, President & CEO of K2 Group. “This truck-stop strengthens our position in the commercial fuel market with the recent launch of the K2 Petroleum fuel card and as we continue to explore new opportunities and expand our portfolio.”
The trucking industry stands poised for a good year with a stronger-than-anticipated start to 2021 in Canada and USA. Traditional economic indicators across the board are signalling a robust rebound as the downturn in service businesses like travel and restaurants have resulted in consumers spending their money online with a rise in ecommerce. This is also due in part to earlier-than-anticipated re-openings, pent-up demand working through the system as well as exceptional policy supports.
About K2 Petroleum
K2 Petroleum is a privately held company built with a goal to provide our customer’s growing demand for premium fuel at a competitive price. Backed by a team with more that 25 years experience and a desire to provide expert fuel solutions, we’ve strategically partnered with major fuel, tobacco and c-store suppliers to bring our customers high-quality products at competitive prices and make their overall experience as smooth as possible. Saving money on fuel allows our customers to do more for their business, giving them an edge over the competition. To learn more, visit k2petroleum.ca
For more information - Kendra Thompson press@contraban.de
