Superior Plus acquires Champagne’s Energy

Superior Plus acquired propane retailer Champagne’s Energy.

Founded in 1981, Champagne is an independent propane retailer that delivers about 11 million gallons of propane and distillates annually to retail and commercial customers throughout Maine.

“The acquisition of Champagne is Superior’s second tuck-in acquisition in 2020 and scales our existing footprint in Maine,” says Luc Desjardins, president and CEO of Superior Plus. “Champagne is a well-run, customer-focused business, and we look forward to welcoming the team to Superior. The preferred share investment from Brookfield Asset Management Inc. has improved our financial strength and enhanced our liquidity, enabling us to accelerate our retail propane acquisition strategy.”

Superior Plus was named one of LP Gas’ 2020 Top Propane Retailers. The company consists of three primary operating businesses: Canadian Propane Distribution, U.S. Propane Distribution and Specialty Chemicals, which includes the production and sale of specialty chemicals.

Featured image: designer491/iStock / Getty Images Plus/Getty Images