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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Utilities Utilities - Regulated Gas
Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Superior Plus Corp
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Post by sweetMolly1on Nov 10, 2022 12:25am
359 Views
Post# 35087375

3 tuck in acquisitions announced

3 tuck in acquisitions announced

Acquisition Update

  • On November 9, 2022, Superior acquired the assets of McRobert Fuels (“McRobert”) a retail propane and distillates distributor located in Strathroy, Ontario for an aggregate purchase price of approximately $16.0 million before final adjustments for working capital.
  • On September 9, 2022, Superior acquired the propane distribution assets of Reed Oil Company (“Reed Oil”) a retail propane supplier and distributor in North Carolina for an aggregate purchase price of approximately $4.6 million (US$3.5 million) before final adjustments for working capital.
  • On October 3, 2022, Superior acquired the propane distribution assets of Mountain Flame Gas ("Mountain Flame") a residential commercial and retail propane supplier and distributor in California for an aggregate purchase price of approximately $10.0 million (US$7.4 million) before final adjustments for working capital.
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