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Superior Plus Completes Acquisition Of Kamps Propane And Kiva Energy

PRIVATEMar 23, 2022

Acquiring Company

Superior Plus

Acquired Company

Kamps Propane

TorontoEnergyOil And GasRenewable Energy

Description

Superior Plus Corp. (“Superior”) (TSX:SPB) announced today that it has completed the previously announced acquisition of the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Competitive Capital, Inc. and Propane Construction and Meter Services (collectively, “Kamps Propane”) and Kiva Energy, Inc. (“Kiva Energy”) for a purchase price of approximately US$240 million (CDN $302 million) (the “Transaction”). The purchase price was paid with funds drawn from Superior’s existing credit facility.

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Company Information

Company

Superior Plus

Location

Toronto, Ontario, Canada

About

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.

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Frequently asked

Who acquired Kamps Propane?

Kamps Propane was acquired by Superior Plus, based in Toronto. The deal was reported on March 23, 2022. Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Superior Plus is privately held and operates in Energy.

When did Superior Plus acquire Kamps Propane?

Superior Plus's acquisition of Kamps Propane was reported on March 23, 2022. Superior Plus Corp. (“Superior”) (TSX:SPB) announced today that it has completed the previously announced acquisition of the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Competitive Capital, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kamps Propane do?

Home | Kamps Propane - Kamps Propane | It is privately held.

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