Superior Propane completes two acquisitions in Canada

Superior Propane, a wholly owned Canadian subsidiary of Superior Plus Corp., completed two transactions to acquire:

• The equity interests of a Quebec retail propane distribution company, operating under the trade name Miller Propane. Miller Propane is a well-established retail propane distributor in the Mont-Tremblant area with annual volumes of over 1 million gallons and 5,600 residential and commercial customers.
• The assets of an Ontario retail propane distribution company, operating under the trade name Highlands Propane. Highlands Propane is primarily a residential propane distributor based in Fenelon Falls, Ontario, and delivers about 3.4 million gallons of propane annually.

“These acquisitions complement our existing operations in Ontario and Quebec, and are consistent with our strategy to grow the U.S. and Canadian propane distribution business through add-on acquisitions of propane companies and immediately leverage our solid platform to improve the businesses we acquire by at least 20 percent to 25 percent,” says Luc Desjardins, president and CEO of Superior Plus Corp.

“I would like to extend a warm welcome to the dedicated employees and loyal customers from these successful businesses,” adds Greg McCamus, president of Superior Propane.

McCamus says Superior looks forward to providing its new customers with the company’s digital solutions, such as its wireless tank monitoring system and its mobile app.

The purchase price of each of these acquisitions was funded by drawing on Superior’s existing credit facility.

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