M&A Deal Summary

Superior Plus Acquires Kiva Energy

On March 23, 2022, Superior Plus acquired energy services and equipment company Kiva Energy for 240M USD

Acquisition Highlights
  • This is Superior Plus’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Superior Plus’ 6th largest (disclosed) transaction.
  • This is Superior Plus’ 24th transaction in the United States.
  • This is Superior Plus’ 1st transaction in Utah.

M&A Deal Summary
Date 2022-03-23
Target Kiva Energy
Sector Energy Services and Equipment
Buyer(s) Superior Plus
Deal Type Add-on Acquisition
Deal Value 240M USD

Target

Kiva Energy

Sandy, Utah, United States
Kiva Energy is a Full-Service wholesale Propane Gas Provider serving propane companies, institutions, and facilities. Kiva Energy is based in Sandy, Utah.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 30 of 32
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 26 of 27
State (Utah) 1 of 1
Country (United States) 24 of 25
Year (2022) 1 of 3
Size (of disclosed) 6 of 17
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Quarles Petroleum - Retail Propane Distribution and Refined Fuels Assets

Fredericksburg, Virginia, United States

Quarles Petroleum, Inc. - Retail Propane Distribution and Refined Fuels Assets provides propane distributor services to residential and commercial customers primarily in Virginia.

Buy $145M
Mergr

Product

Company

Legal