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

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 Hopkins Propane and Mountain Energy Gas

December 21, 2021

Energy

Superior Plus Corp. (TSX:SPB) has closed the acquisition of the assets of Hopkins Propane and separately acquired the assets of Mountain Energy Gas in Waynesville, North Carolina. The transactions expand Superior's retail propane footprint in Michigan and North Carolina as part of its ongoing distribution growth strategy.

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 Acquires Quarles Delivered Fuels Business for US$144M

June 1, 2022

Energy

Superior Plus Corp. completed the acquisition of the retail propane and refined fuels distribution assets of Quarles Petroleum Inc. (the Quarles Delivered Fuels Business) for US$144 million. The assets serve roughly 55,000 residential and commercial customers—primarily in Virginia—and include 29 bulk plants, one rail terminal, ~3 million gallons of storage, a 196-vehicle fleet and 188 employees; Superior expects approximately US$19 million in run-rate Adjusted EBITDA 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.