M&A Deal Summary

Superior Plus Acquires Champagne’s Energy

On July 28, 2020, Superior Plus acquired distribution company Champagne’s Energy

Acquisition Highlights
  • This is Superior Plus’ 13th transaction in the Distribution sector.
  • This is Superior Plus’ 15th transaction in the United States.
  • This is Superior Plus’ 1st transaction in Maine.

M&A Deal Summary
Date 2020-07-28
Target Champagne’s Energy
Sector Distribution
Buyer(s) Superior Plus
Deal Type Add-on Acquisition

Target

Champagne’s Energy

Arundel, Maine, United States
Champagne’s Energy is an independent retail propane distributor delivering approximately 11 million gallons of propane and distillates annually to retail and commercial customers in Maine. Champagne’s Energy also prides itself in conduct that reflects the highest degree of professionalism and integrity. The Milletts have successfully grown Champagne’s Energy the old fashioned way by providing its customers with honest service at a fair price. Champagne’s Energy was formed in 1981 and is based in Arundel, Maine.

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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 19 of 32
Sector (Distribution) 13 of 21
Type (Add-on Acquisition) 15 of 27
State (Maine) 1 of 1
Country (United States) 15 of 25
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Western Propane Service

Garden Grove, California, United States

Western Propane Service, Inc. is an independent retail propane distributor serving approximately 6,000 retail and commercial customers in Southern California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Rymes Propane & Oil

Concord, New Hampshire, United States

Rymes Propane & Oil is an established independent family owned and operated retail propane and heating oil distributor servicing approximately 88,000 residential and commercial customers primarily in New Hampshire, Maine, Massachusetts and Vermont. Rymes Propane & Oil is based in Concord, New Hampshire.

Buy $159M
Mergr

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