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Superior Plus acquires Michigan-based retailer

December 16, 2021 By    

A Superior Plus Corp. wholly owned subsidiary entered into an agreement to acquire the assets of Hopkins Propane, a propane retailer based in Michigan.

The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions, according to Superior.

“The acquisition of Hopkins is our seventh acquisition announced in 2021 and advances our Superior Way Forward growth strategy initiative of executing on accretive acquisitions where we already have a presence,” says Luc Desjardins, Superior’s president and CEO. “Michigan is estimated to be one of the largest retail propane markets in the U.S., and we look forward to growing our customer base in this attractive market. We are excited to welcome the Hopkins team and customers to Superior.”

Hopkins has been in business for more than 50 years in the Grand Rapids, Michigan, area, delivering about 5 million gallons of propane annually to more than 7,000 residential and commercial customers.

Michigan ranked as the largest propane market by state with sales volumes of 587 million gallons in 2019.

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About the Author:

Carly Bemer (McFadden) was the managing editor at LP Gas magazine.

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