Add-on Acquisition • Distribution

Superior Plus Acquires Champagne’s Energy

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Superior Plus

Toronto, Ontario, Canada

Category	Company
Founded	1989
Sector	Diversified
Employees	4,261
Revenue	2.4B CAD (2024)

DESCRIPTION

Superior Plus is a diversified company that engages in 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 Context for Buyer	#
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	-

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

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

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