M&A Deal Summary

Superior Plus Acquires Irving Oil - Certain Propane Distribution Assets

On May 12, 2008, Superior Plus acquired distribution company Irving Oil - Certain Propane Distribution Assets from Irving Oil for 3M USD

Acquisition Highlights
  • This is Superior Plus’ 1st transaction in the Distribution sector.
  • This is Superior Plus’ 17th largest (disclosed) transaction.
  • This is Superior Plus’ 2nd transaction in Canada.
  • This is Superior Plus’ 1st transaction in Newfoundland.

M&A Deal Summary
Date 2008-05-12
Target Irving Oil - Certain Propane Distribution Assets
Sector Distribution
Buyer(s) Superior Plus
Sellers(s) Irving Oil
Deal Type Divestiture
Deal Value 3M USD

Target

Irving Oil - Certain Propane Distribution Assets

Clarenville, Newfoundland, Canada
Irving Oil - Certain Propane Distribution Assets comprises propane distribution facilities located in Clarenville, Central and Western Newfoundland, Canada.

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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 3 of 32
Sector (Distribution) 1 of 21
Type (Divestiture) 1 of 5
State (Newfoundland) 1 of 1
Country (Canada) 2 of 7
Year (2008) 2 of 2
Size (of disclosed) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Fackoury s Building Supplies

Cambridge, Ontario, Canada

Fackoury's distributes a full suite of speciality products to the walls and ceilings industry and has a large market position in the Ontario gypsum speciality dealer segment. Fackoury's was founded in 1986 and operates out of two locations in Cambridge and Concord, Ontario.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-06 Specialty Products & Insulation

Charlotte, North Carolina, United States

Specialty Products & Insulation is a value-added distributor and fabricator of insulation and complementary products for the commercial, industrial and residential markets. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company currently operates 59 distribution branches and 16 co-located fabrication facilities and sells to over 3,500 contractors in the U.S. and Canada. Specialty Products & Insulation was founded in 1982 and is based in Charlotte, North Carolina.

Buy $135M

Seller(S) 1

SELLER

Irving Oil

Saint John, New Brunswick, Canada
Category Company
Founded 1924
Sector Oil/Gas Exploration
DESCRIPTION

Irving, Irving Oil is a family-owned and privately-held regional energy processing, transporting, and marketing company headquartered in Saint John, New Brunswick, Canada, with U.S. marketing operations in Portsmouth, New Hampshire. With over 900 fueling locations, operations from eight distribution terminals, and a delivery fleet of tractor-trailers, Company serve wholesale, commercial, and retail customers in Atlantic Canada, Quebec, and New England.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Newfoundland) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Top Oil

Dublin, Ireland

Tedcastle Group of Co. is a provider of home heating oil and fuel products. Tedcastle Group was founded in 1813 and is based in Dublin, Ireland.

Buy -
Mergr

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