Public Company Energy

Superior Plus

Toronto, Ontario, Canada

Superior Plus is a North American energy distributor focused on propane and related low-carbon fuels. The company operates propane distribution and related products/services across the U.S. and Canada.

Focus Areas
Propane distribution, Low-carbon fuel distribution (e.g., CNG/RNG), Hydrogen distribution (related)

Tracked deals

6

6 tracked deals across 2020-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 2 addon

Superior Plus Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Superior Plus. 1 2020 3 2021 2 2022

Supporting Data

Recent Transactions

  • Superior Plus Acquires Quarles Delivered Fuels Business for US$144M
    June 1, 2022
    Buyer
    Superior Plus Corp.
    Target
    Quarles Delivered Fuels Business (Quarles Petroleum Inc.)
    Seller
    Quarles Petroleum Inc.
    Industry
    Energy
    Location
    Virginia, United States
    Type
    Buyout

    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 Completes Acquisition of Kamps Propane and Kiva Energy
    March 23, 2022
    Buyer
    Superior Plus Corp.
    Target
    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
    Type
    Buyout

    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.

  • Superior Plus Acquires Hopkins Propane and Mountain Energy Gas
    December 21, 2021
    Buyer
    Superior Plus Corp.
    Target
    Hopkins Propane, Mountain Energy Gas
    Industry
    Energy
    Location
    United States
    Type
    Addon

    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 Freeman Gas & Electric Co., Inc.
    April 22, 2021
    Buyer
    Superior Plus Corp.
    Target
    Freeman Gas & Electric Co., Inc.
    Seller
    Freeman Gas & Electric Co., Inc.
    Industry
    Oil & Gas
    Location
    South Carolina, United States
    Type
    Buyout

    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.

  • Superior Plus Corp. Acquires Miller Propane and Highlands Propane
    February 11, 2021
    Buyer
    Superior Plus Corp., Superior Propane
    Target
    Miller Propane, Highlands Propane
    Industry
    Energy
    Location
    Canada
    Type
    Addon

    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 Corp. Acquires Rymes Propane and Oil
    August 25, 2020
    Buyer
    Superior Plus Corp.
    Target
    Rymes Propane and Oil
    Seller
    Rymes family
    Industry
    Oil & Gas
    Location
    New Hampshire, United States
    Type
    Buyout

    Superior Plus Corp.'s wholly-owned U.S. subsidiary agreed to acquire the assets of Rymes Propane and Oil for approximately US$159 million, expanding Superior's U.S. propane distribution footprint in New Hampshire and New England. Rymes is a family-owned retail propane and heating oil distributor with about 46 operating locations, ~370 employees and ~88,000 residential and commercial customers.

Related Acquisition Pages

Energy Buyers & Acquisitions 4 tracked deals by Superior Plus. Oil & Gas Buyers & Acquisitions 2 tracked deals by Superior Plus. Acquisitions in California 1 tracked deal by Superior Plus. Acquisitions in New Hampshire 1 tracked deal by Superior Plus. Acquisitions in South Carolina 1 tracked deal by Superior Plus. Acquisitions in Virginia 1 tracked deal by Superior Plus.

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