Superior Plus Acquires Quarles Delivered Fuels Business for US$144M

Superior Plus Acquires Williams Energy Group

July 7, 2021

Energy

Superior Plus Corp. acquired the assets of Williams Energy Group, a North Carolina-based retail propane distributor, expanding its footprint and customer base in the state. Williams Energy, founded in 1998, supplies ~7 million gallons of propane annually to about 12,000 retail and commercial customers; the deal creates operational synergies with Superior’s recent Freeman Gas acquisition.

Superior Plus Corp. Acquires Miller Propane and Highlands Propane

February 11, 2021

Energy

Superior Plus Corp., through a wholly-owned Canadian subsidiary, completed two add-on acquisitions: the equity interests of Miller Propane (Mont‑Tremblant, Quebec) and the assets of Highlands Propane (Fenelon Falls, Ontario). The transactions expand Superior's propane distribution footprint in Quebec and Ontario and will be integrated into its Energy Distribution platform to leverage digital solutions and operational scale.

Superior Plus Acquires Freeman Gas & Electric Co., Inc.

April 22, 2021

Oil & Gas

Superior Plus Corp., through a wholly‑owned subsidiary, agreed to acquire the assets of Freeman Gas & Electric Co., Inc. for approximately US$170 million to expand its U.S. propane distribution footprint in the Southeast. Freeman is a family‑owned retail propane distributor with ~23 branches, ~38 bulk plants and about 275 employees servicing residential and commercial customers across North Carolina, South Carolina and Georgia.

Superior Plus Acquires Champagne's Energy

July 28, 2020

Oil & Gas

Superior Plus Corp. has entered into an asset agreement to acquire Champagne's Energy, an independent retail propane distributor serving Maine that delivers approximately 11 million gallons of propane and distillates annually. The tuck-in acquisition — Superior's second in 2020 — is expected to close in Q3 2020, will modestly increase U.S. propane distribution segment EBITDA, and follows a preferred share investment from Brookfield Asset Management that strengthened Superior's balance sheet.

Superior Plus Completes Acquisition of Kamps Propane and Kiva Energy

March 23, 2022

Energy

Superior Plus Corp. completed the acquisition of Kamps Propane (and related entities) and Kiva Energy for approximately US$240 million, funded from its existing credit facility. The deal adds a substantial retail propane distribution platform and wholesale capabilities across the U.S. West, and is expected to deliver approximately US$7 million of annual run-rate synergies within 24 months.

Superior Plus Subsidiary Acquires Central Coast Propane

October 15, 2020

Energy

Superior Plus Corp., through a wholly-owned subsidiary, acquired all equity interests of Central Coast Propane, a Paso Robles, California-based retail propane distributor serving approximately 2,800 residential and commercial customers. The acquisition is Superior's fourth in 2020 (and third retail propane deal in California) and is expected to provide synergies with its existing retail and wholesale propane operations in the state.