M&A Deal Summary

Superior Plus Acquires United Liquid Gas

On September 14, 2018, Superior Plus acquired distribution company United Liquid Gas

Acquisition Highlights
  • This is Superior Plus’ 8th transaction in the Distribution sector.
  • This is Superior Plus’ 10th transaction in the United States.
  • This is Superior Plus’ 1st transaction in Nevada.

M&A Deal Summary
Date 2018-09-14
Target United Liquid Gas
Sector Distribution
Buyer(s) Superior Plus
Deal Type Add-on Acquisition

Target

United Liquid Gas

Reno, Nevada, United States
United Liquid Gas Co. is an independent wholesale propane and butane distributor with operations in California. UPE operates four rail terminals with approximately 9.8 million litres of natural gas liquid storage capacity; serving over 115 wholesale customers, which include retail propane distribution companies, primarily in the California market.

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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 14 of 32
Sector (Distribution) 8 of 21
Type (Add-on Acquisition) 10 of 27
State (Nevada) 1 of 1
Country (United States) 10 of 25
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 NGL Propane

Tulsa, Oklahoma, United States

NGL Propane LLC sells propane and distillates to over 316,000 residential, commercial and industrial customers. NGL Propane, with over 1,000 employees in 151 locations (including 61 satellite distribution locations) and a fleet in excess of 1,000 trucks, services 22 states in the Northeast U.S., Southeast U.S. and Upper Midwest U.S. NGL Propane, trades under prominent regional brands, including Osterman Propane, Downeast Energy, Eastern Propane, Atlantic Propane, Anthem Propane, Gas Inc. and Brantley Gas.

Buy $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Porco Energy

Marlboro, New York, United States

Porco Energy Corp. is an independent propane distributor in New York serving residential and commercial customers. The company is anticipated to add approximately 9,300 residential and commercial customers and 5.7 million gallons (21.5 million litres) of retail propane and distillate sales to Superior’s Energy Distribution operations in the U.S. and allows Superior to strategically grow its footprint in New York.

Buy -
Mergr

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