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

April 22, 2021

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.

Targets
Freeman Gas & Electric Co., Inc.
Sellers
Freeman Gas & Electric Co., Inc.
Industry
Oil & Gas
Location
South Carolina, United States
Transaction Type
Buyout

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