Tuesday, October 30, 2018
(October 30, 2018) — Superior Plus Corp. (Toronto) is acquiring substantially all of the propane distribution assets of Musco Fuel & Propane LLP, an independent distributor based in Wolcott, Conn. that serves residential and commercial customers. Details regarding the transaction were not released. The deal is expected to close in the fourth quarter of this year.
Musco Fuel & Propane is an established independent propane marketer that has operated in Connecticut for more than 25 years. The acquisition is expected to add about 4200 residential and commercial customers and 2.5 MMgal. of retail propane and distillate sales to Superior Plus’s distribution operations in the U.S., while allowing the company to grow its footprint in Connecticut.
“The acquisition of the propane distribution assets of Musco will be Superior’s sixth tuck-in acquisition in 2018 and demonstrates our continued commitment to grow our footprint in the Northeast U.S.,” said Luc Desjardins, Superior Plus president and CEO. “Musco is an established, well-run business with a strong track record of serving customers in western Connecticut,” added Andy Peyton, president of Superior’s U.S. propane distribution business. “This transaction reaffirms our focus to leverage opportunities within our current service footprint.”
(SOURCE: The Weekly Propane Newsletter, October 29, 2018)
Musco Fuel & Propane is an established independent propane marketer that has operated in Connecticut for more than 25 years. The acquisition is expected to add about 4200 residential and commercial customers and 2.5 MMgal. of retail propane and distillate sales to Superior Plus’s distribution operations in the U.S., while allowing the company to grow its footprint in Connecticut.
“The acquisition of the propane distribution assets of Musco will be Superior’s sixth tuck-in acquisition in 2018 and demonstrates our continued commitment to grow our footprint in the Northeast U.S.,” said Luc Desjardins, Superior Plus president and CEO. “Musco is an established, well-run business with a strong track record of serving customers in western Connecticut,” added Andy Peyton, president of Superior’s U.S. propane distribution business. “This transaction reaffirms our focus to leverage opportunities within our current service footprint.”
(SOURCE: The Weekly Propane Newsletter, October 29, 2018)
