Superior Plus Acquires Champagne's Energy
July 28, 2020
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.
- Buyers
- Superior Plus Corp.
- Targets
- Champagne's Energy
- Industry
- Oil & Gas
- Location
- Maine, United States
- Transaction Type
- Buyout
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