M&A Deal Summary |
|
|---|---|
| Date | 2009-09-30 |
| Target | Sunoco Retail Heat |
| Sector | Retail |
| Buyer(s) | Superior Plus |
| Sellers(s) | Sunoco |
| Deal Type | Divestiture |
| Deal Value | 86M USD |
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| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Diversified |
| Employees | 4,261 |
| Revenue | 3.4B CAD (2023) |
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 | 5 of 32 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 2 of 5 |
| Country (United States) | 3 of 25 |
| Year (2009) | 2 of 2 |
| Size (of disclosed) | 13 of 17 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-20 |
Griffith Energy
Albion, New York, United States Griffith Energy a combined marketers of propane, heating oil, and power fuels in western and central New York. Based in Rochester, NY, Griffith distributes energy to more than 90,000 residential customers and more than 8,000 wholesale, commercial, and gasoline customers. Griffith also distributes gasoline, diesel fuel and kerosene to commercial customers such as farmers, trucking and construction companies, and to branded gasoline dealers such as Mobil, Sunoco, and Citgo. In November 2003, PNC Equity Partners worked exclusively with the management team of Griffith to buy the company from Energy East Corporation. PNC Equity Partners conducted the due diligence process, structured the financing, and negotiated the acquisition, investing $17.4 million in the form of preferred and common stock. In addition, PNC Equity Partners partnered with the former owner of Griffith who, along with management, made a significant capital contribution. PNC Equity Partners arranged the senior and subordinated financing with Merrill Lynch leading the senior debt syndicate and Allied Capital providing subordinated debt to complete the transaction. Since PNC Equity Partners' initial investment, the company has completed four acquisitions and refinanced its senior and subordinated debt. |
Buy | $125M |
| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Oil/Gas Exploration |
Sunoco, Inc. refines and markets petroleum products in the United States.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| Country (United States) | 2 of 4 |
| Year (2009) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-11-19 |
West Texas Gulf Pipe Line
Ranger,, Texas, United States West Texas Gulf Pipe Line Company owns and operates 580-mile long crude oil pipeline from Colorado City, Texas to Longview, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-14 |
Lehigh Gas 25 Retail Locations
New York, United States Lehigh Gas Corporation, 25 Retail Locations comprises 25 petroleum products retail locations. The 25 Retail Locations are located in the Buffalo, Syracuse, Albany, and Rochester, New York. |
Buy | - |
