M&A Deal Summary

Superior Plus Acquires Hopkins Propane

On December 16, 2021, Superior Plus acquired oil/gas exploration company Hopkins Propane

Acquisition Highlights
  • This is Superior Plus’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Superior Plus’ 22nd transaction in the United States.
  • This is Superior Plus’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-12-16
Target Hopkins Propane
Sector Oil/Gas Exploration
Buyer(s) Superior Plus
Deal Type Add-on Acquisition

Target

Hopkins Propane

Shelbyville, Michigan, United States
Hopkins Propane provides residential and commercial propane set-up and delivery services and also offers propane tank installations for the agricultural industry, and provide local propane filling in six counties in West Michigan. Hopkins Propane was founded in 1958 and is based in Shelbyville, Michigan.

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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 28 of 32
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 24 of 27
State (Michigan) 1 of 1
Country (United States) 22 of 25
Year (2021) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Kamps Propane

Manteca, California, United States

Kamps Propane is an established independent family owned and operated retail and wholesale propane distributor servicing approximately 45,000 residential, commercial and wholesale customers. Kamps has 14 retail branch offices, 5 company-operated rail terminals, over 375 vehicles, and approximately 280 employees. Kamps Propane was founded in 1969 and is based in Manteca, California.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Mountain Energy Gas

Waynesville, North Carolina, United States

Mountain Energy Gas is a small distributor of propane and distillates and related products and services. Mountain Energy Gas is based in Waynesville, North Carolina.

Buy -
Mergr

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