M&A Deal Summary

Superior Plus Acquires Canwest Propane

On March 1, 2017, Superior Plus acquired energy services and equipment company Canwest Propane from Gibson Energy for 412M USD

Acquisition Highlights
  • This is Superior Plus’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Superior Plus’ 3rd largest (disclosed) transaction.
  • This is Superior Plus’ 4th transaction in Canada.
  • This is Superior Plus’ 1st transaction in Alberta.

M&A Deal Summary

Date 2017-03-01
Target Canwest Propane
Sector Energy Services and Equipment
Buyer(s) Superior Plus
Sellers(s) Gibson Energy
Deal Type Divestiture
Deal Value 412M USD

Target

Canwest Propane

Calgary, Alberta, Canada
Canwest Propane is a propane supply and distribution franchise in Western Canada, serving a diverse customer base of oil and gas, commercial and industrial, residential and construction under the brands of Canwest and Stittco. Canwest has over 50,000 customers and has established long-term relationships with a customer base that includes international, national and large regional companies.

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Buyer(S) 1

Buyer

Superior Plus

Toronto, Ontario, Canada

Category Company
Founded 1989
Sector Diversified
Employees4,261
Revenue 3.4B CAD (2023)
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 1989 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 9 of 32
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 3 of 5
State (Alberta) 1 of 2
Country (Canada) 4 of 7
Year (2017) 1 of 4
Size (of disclosed) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Superior Plus - Construction Products Distribution Business

Toronto, Ontario, Canada

Superior Plus - Construction Products Distribution Business comprises construction products distribution business that distributes commercial and industrial insulation; specialty walls and ceiling products; and specialty construction products to the walls and ceilings industry. The business is located in Canada.

Sell CA$428M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Yankee Propane

Florida, New York, United States

Yankee Propane, Inc. is a propane distributor serving residential and commercial customers in New York and New Jersey. Yankee Propane, Inc. was established in 1989 and is headquartered in Florida, New York.

Buy -

Seller(S) 1

SELLER

Gibson Energy

Calgary, Alberta, Canada

Category Company
Founded 1953
Sector Energy Services and Equipment
Employees500
Revenue 11.0B CAD (2023)
DESCRIPTION

Gibsons is one of Canada's largest midstream energy companies, moving approximately 280 million barrels of energy products each year, playing a significant role in the country's oil and gas industry by linking upstream producers with downstream refiners. Gibson Energy was incorporated in 1953 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 OMNI Energy Services

Carencro, Louisiana, United States

OMNI Energy Services Corp., headquartered in Carencro, Louisiana, offers a broad range of integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico. The Company provides its services through three business segments: Environmental Services, Seismic Services (including drilling, surveying and permitting services) and Equipment Rental.

Buy $445M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 OMNI Environmental Solutions

Carencro, Louisiana, United States

OMNI Environmental Solutions is a comprehensive provider of environmental services focused on energy customers. Key services include water logistics and disposal, solid waste processing, treatment and landfilling, and a variety of other specialty environmental services such as offshore inspection and cleaning. OMNI Environmental Solutions is based in Carencro, Louisiana.

Sell -