M&A Deal Summary

Superior Plus Acquires Mountain Energy Gas

On December 21, 2021, Superior Plus acquired distribution company Mountain Energy Gas

Acquisition Highlights
  • This is Superior Plus’ 21st transaction in the Distribution sector.
  • This is Superior Plus’ 23rd transaction in the United States.
  • This is Superior Plus’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2021-12-21
Target Mountain Energy Gas
Sector Distribution
Buyer(s) Superior Plus
Deal Type Add-on Acquisition

Target

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.

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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 29 of 32
Sector (Distribution) 21 of 21
Type (Add-on Acquisition) 25 of 27
State (North Carolina) 3 of 3
Country (United States) 23 of 25
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 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.

Buy $240M
Mergr

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