SP Investor (OPTrust & Partners Group) Buys Unit Corporation's Stake in Superior Pipeline Company
April 24, 2023
SP Investor Holdings LLC, a vehicle jointly owned by OPTrust and Partners Group, acquired Unit Corporation's 50% interest in Superior Pipeline Company, resulting in SP Investor owning 100% of the business and rebranding it as Superior Midstream, LLC. The move consolidates ownership under the SP Investor group and positions the company to grow its natural gas gathering, processing, compression, and dehydration services.
- Buyers
- SP Investor Holdings LLC, OPTrust, Partners Group
- Targets
- Superior Pipeline Company
- Sellers
- Unit Corporation
- Industry
- Oil & Gas
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Peak Utility Services Group Acquires Superior Pipeline Services
March 18, 2021
Industrial Services
Peak Utility Services Group, a Denver-based provider of infrastructure services, has acquired Superior Pipeline Services (SPS), a Fort Worth, Texas natural gas utility services contractor. The add-on expands Peak's presence in Texas and strengthens its capabilities for maintenance, repair and installation work in the natural gas utility market.
-
Phillips 66 Acquires Phillips 66 Partners
March 9, 2022
Energy
Phillips 66 completed the previously announced merger to acquire all limited partnership interests of Phillips 66 Partners (PSXP), with partnership unitholders receiving 0.50 shares of PSX common stock for each PSXP unit. As a result, PSXP units ceased public trading effective March 9, 2022, and Phillips 66 consolidated ownership of the midstream assets to simplify its corporate structure and capture synergies.
-
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 Industries International Acquired by Group of Term Loan Investors Led by Oaktree Capital Management
July 8, 2025
Industrial Services
Superior Industries International has entered into definitive agreements to be acquired by a group of its existing term loan investors, including Oaktree Capital Management. The investors will convert up to approximately $550 million of term loan claims into equity, reducing funded debt by nearly 90%, and the transaction is expected to close in the third quarter of 2025 pending approvals.
-
Industrial Opportunity Partners Acquires United Poly Systems
June 11, 2019
Manufacturing
Industrial Opportunity Partners (IOP), an Evanston, Illinois-based private equity firm, has acquired United Poly Systems LLC, a manufacturer of made-to-order HDPE pressure and duct/conduit pipe headquartered in Springfield, Missouri. IOP is partnering with the company's founders and management team to expand production capacity and product offerings; terms were not disclosed.
-
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.