Superior Plus Completes Acquisition of Kamps Propane and Kiva Energy
March 23, 2022
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.
- Buyers
- Superior Plus Corp.
- Targets
- Kamps Propane (including High Country Propane, Pick Up Propane, Competitive Capital and Propane Construction and Meter Services), Kiva Energy
- Industry
- Energy
- Location
- California, United States
- Transaction Type
- Buyout
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