M&A Deal Summary

Superior Plus Acquires Porco Energy

On September 18, 2018, Superior Plus acquired distribution company Porco Energy

Acquisition Highlights
  • This is Superior Plus’ 9th transaction in the Distribution sector.
  • This is Superior Plus’ 11th transaction in the United States.
  • This is Superior Plus’ 4th transaction in New York.

M&A Deal Summary
Date 2018-09-18
Target Porco Energy
Sector Distribution
Buyer(s) Superior Plus
Deal Type Add-on Acquisition

Target

Porco Energy

Marlboro, New York, United States
website
Porco Energy Corp. is an independent propane distributor in New York serving residential and commercial customers. The company is anticipated to add approximately 9,300 residential and commercial customers and 5.7 million gallons (21.5 million litres) of retail propane and distillate sales to Superior’s Energy Distribution operations in the U.S. and allows Superior to strategically grow its footprint in New York.

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Buyer(S) 1

Buyer

Superior Plus

Toronto, Ontario, Canada

website

Category Company
Founded 1996
Sector Diversified
Employees4,261
Revenue 3.4B CAD (2022)
DESCRIPTION

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 1996 and is based in Toronto, Ontario.

DEAL STATS #
Overall 15 of 32
Sector (Distribution) 9 of 21
Type (Add-on Acquisition) 11 of 27
State (New York) 4 of 5
Country (United States) 11 of 25
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-14 United Liquid Gas

Reno, Nevada, United States

United Liquid Gas Co. is an independent wholesale propane and butane distributor with operations in California. UPE operates four rail terminals with approximately 9.8 million litres of natural gas liquid storage capacity; serving over 115 wholesale customers, which include retail propane distribution companies, primarily in the California market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Musco Fuel & Propane

Wolcott, Connecticut, United States

Musco Fuel & Propane LLP is an independent propane distributor in Connecticut serving residential and commercial customers. Musco is an established independent propane marketer which has operated in the state of Connecticut for more than 25 years. The Acquisition is anticipated to add approximately 4,200 residential and commercial customers and 2.5 million gallons

Buy -
Mergr

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