Superior Plus acquires propane distribution assets of Musco Fuel & Propane

October 23, 2018 By    

Superior Plus Corp. acquired the propane distribution assets of Musco Fuel & Propane, an independent propane distributor in Connecticut serving residential and commercial customers.

“The acquisition of the propane distribution assets of Musco will be Superior’s sixth tuck-in acquisition in 2018 and demonstrates our continued commitment to grow our footprint in the Northeast U.S.,” says Luc Desjardins, president and CEO of Superior Plus.

Musco is an independent propane marketer, operating in the state of Connecticut for more than 25 years. The acquisition is anticipated to add about 4,200 residential and commercial customers and 2.5 million gallons of retail propane and distillate sales to Superior Plus’ energy distribution operations in the U.S. and allows it to strategically grow its footprint in Connecticut, the company explains.

“Musco is an established, well-run business with a strong track record of serving customers in western Connecticut,” says Andy Peyton, president of U.S. propane distribution business for Superior Plus. “This transaction reaffirms our focus to leverage opportunities within our current service footprint.”

According to the company, the acquisition is anticipated to close during the fourth quarter of 2018, subject to the satisfaction of certain customary commercial conditions.

*Featured image: iStock.com/designer491

About the Author:

Joe McCarthy is an Associate Editor of LP Gas Magazine. You can contact him at jmccarthy@northcoastmedia.net and at 216-363-7930.

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