Superior Plus Acquires Holden Oil

Superior Plus Corp. (Toronto) has announced that one of its wholly-owned subsidiaries has acquired all of the assets of a retail propane and distillate distribution company, operating under the tradename Holden Oil.

Founded in 1924, and located in Peabody, Mass., Holden is an established independent retail energy distributor serving approximately 8750 residential and commercial customers in the Northeast.

“The acquisition of Holden is Superior’s first acquisition in 2021 and expands our presence in an attractive region in Massachusetts,” said Luc Desjardins, Superior’s president and CEO. “Holden has a good base of residential and commercial customers, and we anticipate this acquisition will provide excellent synergy opportunities with our existing operations in Massachusetts.”

Source: The Weekly Propane Newsletter, January 28, 2021. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.