TORONTO — Superior Plus Corp. announced significant changes to its executive leadership team. In line with the company’s strategy to evolve into a next-generation, low-carbon energy distribution company, Superior is taking deliberate steps to enable this strategy by transforming its leadership team.
TORONTO (June 29, 2023) — Superior Plus Corp. published its third Sustainability Report. The report outlines Superior’s established environmental, social and governance (ESG) practices and includes insight into the company’s 2022 operations and future milestones. The Sustainability Report is available here.
TORONTO — Superior Plus Corp. announced it has closed the previously announced acquisition of the retail propane and refined fuels distribution assets of Quarles Petroleum Inc. The US$144 million purchase price (before working capital adjustments) was paid with funds drawn from Superior’s existing credit facility.
TORONTO — Superior Plus Corp. announced that Superior Propane and Charbone Hydrogen Corporation have entered into a supply and logistics agreement to provide green hydrogen to commercial and industrial customers located initially in Quebec, Canada.
TORONTO — Superior Plus Corp. announced the successful closing of its previously announced bought deal equity offering of 25,670,300 common shares at a price of $11.20 per share, for aggregate gross proceeds of approximately $288 million. The offering included 3,348,300 shares issued pursuant to the exercise in full by the underwriters of their over-allotment option.
TORONTO (March 28, 2022) — Superior Plus Corp. announced it has entered into an agreement to acquire the retail propane distribution and refined fuels assets of Quarles Petroleum Inc. for an aggregate purchase price of approximately US$145 million (CA$180 million) before adjustments for working capital.
The acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close in the second quarter of 2022.
TORONTO — Superior Plus Corp. announced that it has completed the previously announced acquisition of the equity interests of Kamps Propane Inc., High Country Propane Inc., Pick Up Propane Inc., Competitive Capital Inc. and Propane Construction and Meter Services (collectively, Kamps Propane) and Kiva Energy Inc. (Kiva Energy) for a purchase price of approximately US$240 million (CDN $302 million). The purchase price was paid with funds drawn from Superior’s existing credit facility.
TORONTO — Superior Plus Corp. announced it has closed the previously announced acquisition of the assets of a retail propane distribution company operating under the tradename Hopkins Propane.
Superior also announced it has acquired the assets of Mountain Energy Gas, a small distributor based in Waynesville, North Carolina, in a separate transaction.
TORONTO — Superior Plus Corp. announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire the assets of a retail propane distribution company based in Michigan, operating under the tradename Hopkins Propane. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions.
TORONTO (Dec. 14, 2021) — Superior Plus Corp. today announced that the corporation was subject to a ransomware incident on Sunday, Dec. 12, 2021, which impacted the corporation’s computer systems.
Upon learning of the incident, Superior took steps to secure its systems and mitigate the impact to the corporation’s data and operations. Independent cybersecurity experts have been retained to assist the corporation in dealing with the matter in accordance with industry best practices.
TORONTO — Superior Plus Corp. has announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire the equity interests of Kamps Propane Inc., High Country Propane Inc., Pick Up Propane Inc., Kiva Energy Inc., Competitive Capital Inc. and Propane Construction and Meter Services (collectively, “Kamps”) for an aggregate purchase price of approximately US $240 million (CDN $299 million) before adjustments for working capital.
TORONTO — Superior Plus Corp. announced it has acquired the assets of a retail propane distribution company based in North Carolina, operating under the tradename, Williams Energy Group.
TORONTO (July 6, 2021) — Superior Plus Corp. announced that Greg McCamus retired as president of Superior Propane on June 30, 2021. Rick Carron, Superior Propane’s senior vice president of sales and operations, has been named the new president of Superior Propane following McCamus’ retirement.
TORONTO — Superior Plus Corp. announced it has closed the previously announced acquisition of the assets of a retail propane distribution company based in South Carolina, Freeman Gas and Electric Co., Inc. The purchase price was paid with cash on hand.
"I am excited to welcome the Freeman employees and customers to the Superior Plus Propane family,” said Luc Desjardins, Superior’s president and CEO. “We’re looking forward to expanding our footprint in the Southeast United States and growing our business in this attractive market.”
Superior Plus Corp. has announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire the assets of a retail propane distribution company based in South Carolina, operating under the tradename Freeman Gas and Electric Co. Inc. (Freeman) for an aggregate purchase price of approximately US $170 million before adjustments for working capital.
TORONTO — Superior Plus Corp. announced it has published its inaugural Sustainability Report, which outlines its established environmental, social and governance practices.
The report includes insight into Superior’s 2020 operations and future milestones, and the Sustainability Report is available here.
FuelExchange, a merger and acquisition service for the energy industry, recently provided advisory services during the sale of Holden Oil of Peabody, Massachusetts, to one of the wholly-owned subsidiaries of Superior Plus Corp.
Established in 1924, Holden Oil is a third-generation retail energy distributor serving approximately 8,750 residential and commercial customers in the Northeast.
Superior Plus Corporation announced February 18 that its subsidiary, Superior Plus LP, has entered into a definitive agreement with Birch Hill Equity Partners to sell its specialty chemicals business.
The sale of Superior’s Specialty Chemicals business represents the final step in Superior’s long-term portfolio transformation into a pure-play energy distribution company.
Superior Plus Corp. announced February 11 that through one of its wholly-owned Canadian subsidiaries it has completed two propane acquisitions.
In one, it has acquired the equity interests of a Quebec retail propane distribution company operating under the tradename Miller Propane. Miller is a retail propane distributor in the Mont-Tremblant area with annual volumes of approximately 4 million liters and 5,600 residential and commercial customers.
