Superior Plus - M&A Summary and Business Overview

DiversifiedCompany

Superior Plus M&A Summary

Superior Plus has acquired 32 companies, including 16 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Superior Plus’ largest acquisition to date was in 2022, when it acquired Certarus for $1.1B. It’s largest disclosed sale occurred in 2021, when it sold ERCO Worldwide to Birch Hill Equity Partners for $725M. Superior Plus has acquired in 15 different US states, and 2 countries. The Company’s most targeted sectors include distribution (66%) and energy services and equipment (13%).

Superior Plus Business Overview

Where is Superior Plus headquartered?

Superior Plus is headquartered in Toronto, Ontario.

What is Superior Plus’ revenue?

Superior Plus disclosed revenue of 3,354M CAD for 2023 and 3,380M CAD for 2022.

How many employees does Superior Plus have?

Superior Plus has 4,261 employees.

What sector is Superior Plus in?

Superior Plus is a diversified company.

When was Superior Plus founded?

Superior Plus was founded in 1989.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity32
    • M&A Sell Activity4
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10
  • M&A Advisors 8

Superior Plus

Superior Plus Corp.

200 Wellington Street West, Suite 401,
Toronto, Ontario M5V 3C7
Canada,
(416) 345-8050
www.superiorplus.com

Superior Plus is a diversified company that engages in the energy distribution and specialty chemicals business. The company operates two separate businesses: Energy Distribution and Specialty Chemicals. All of the businesses are operated on the principles of entrepreneurship, continuous improvement, executing on objectives, safety, and teamwork. Superior Plus was founded in 1989 and is headquartered in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 17 4 8 3 - - 32
vol $2.2B $159M $410M $1.4B $4.2B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $960M $725M $1.7B
  36

Most Recent M&A

Company Date Value Type
Certarus Ltd. 2022-12-22 1.1B USD Add-on Acquisition
Calgary, Alberta · www.certarus.com
Quarles Petroleum, Inc. - Retail Propane Distribution and Refined Fuels Assets 2022-03-28 145M USD Divestiture
Fredericksburg, Virginia
Kiva Energy, Inc. 2022-03-23 240M USD Add-on Acquisition
Sandy, Utah · www.kivaenergy.com
Mountain Energy Gas 2021-12-21 - Add-on Acquisition
Waynesville, North Carolina
Hopkins Propane 2021-12-16 - Add-on Acquisition
Shelbyville, Michigan · www.hopkinspropane.com
Kamps Propane, Inc. 2021-07-14 240M USD Add-on Acquisition
Manteca, California · www.kampspropane.com
Williams Energy Group 2021-07-07 - Add-on Acquisition
New Bern, North Carolina · www.williamsenergygroup.com
Freeman Gas and Electric Co. Inc. 2021-04-22 170M USD Add-on Acquisition
Spartanburg, South Carolina · www.freemangas.com
ERCO Worldwide LP 2021-02-18 725M USD Divestiture
Mississauga, Ontario · www.ercoworldwide.com
Highlands Propane 2021-02-11 - Add-on Acquisition
Fenelon Falls, Ontario · www.highlandspropane.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 21 (66%) 1.6B (38%) 1 (25%) 325M (19%)
Energy Services and Equipment 4 (13%) 1.8B (43%) - -
Building Materials 2 (6%) 371M (9%) 2 (50%) 635M (38%)
Oil/Gas Exploration 2 (6%) 145M (3%) - -
Utilities 2 (6%) 178M (4%) - -
Retail 1 (3%) 86M (2%) - -
Chemicals - - 1 (25%) 725M (43%)
Total 32 $4.2B 4 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 25 2.7B 2 635M
  New York 5 250M - -
  North Carolina 3 135M 1 325M
  California 3 240M - -
  South Carolina 2 520M 1 310M
  Virginia 2 145M - -
  Utah 1 240M - -
  Oklahoma 1 900M - -
  Ohio 1 38M - -
  New Hampshire 1 159M - -
  Nevada 1 - - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Maine 1 - - -
  Connecticut 1 - - -
Canada 7 1.5B 2 1.1B
  Ontario 3 29M 2 1.1B
  Alberta 2 1.5B - -
  Quebec 1 - - -
  Newfoundland 1 3M - -
Domestic 7 (22%) 1.5B (36%) 2 (50%) 1.1B (62%)
Cross-border 25 (78%) 2.7B (64%) 2 (50%) 635M (38%)
Total 32 $4.2B 4 $1.7B

Top M&A Advisors

Financial Deals
CIBC Capital Markets
3
BMO Capital Markets
2
Barclays Investment Bank
1
Legal Deals
Orrick
4
Torys LLP
2
Norton Rose Fulbright
2

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 11 $3.0B
< $100M 5 $156M
TOTAL $4.2B
Largest Certarus Ltd.
$1.1B (2022-12-22)
sell # Total
$100M to $1B 4 $1.7B
TOTAL $1.7B
Largest ERCO Worldwide LP
$725M (2021-02-18)

M&A Connections

Deals
Acquired from
Investor(s)
9%
3 (9%)
Strategic(s)
16%
5 (16%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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