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Superior Plus Completes Acquisition Of Quarles Delivered Fuels Business

PRIVATEJun 01, 2022

Acquiring Company

Superior Plus

Acquired Company

Quarles Delivered Fuels Business

TorontoEnergyOil And GasRenewable Energy

Description

Superior Plus Corp. (“Superior”) (TSX:SPB) announced today it has closed the previously announced acquisition of the retail propane and refined fuels distribution assets of Quarles Petroleum Inc. (the “Quarles Delivered Fuels Business”). The US $144 million purchase price (before working capital adjustments) was paid with funds drawn from Superior’s existing credit facility.

Quick answer

Superior Plus is acquiring Quarles Delivered Fuels Business, announced June 1, 2022. Superior Plus is based in Toronto, Ontario, Canada.

How much did Superior Plus pay for Quarles Delivered Fuels Business?
The deal value was not disclosed.
What does Superior Plus do?
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.
Where are Superior Plus and Quarles Delivered Fuels Business based?
Superior Plus is based in Toronto, Ontario, Canada.
Who are the decision-makers at Superior Plus?
Fundz holds 1 contact at Superior Plus. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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 Quarles Delivered Fuels Business?

Quarles Delivered Fuels Business was acquired by Superior Plus, based in Toronto. The deal was reported on June 1, 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 Quarles Delivered Fuels Business?

Superior Plus's acquisition of Quarles Delivered Fuels Business was reported on June 1, 2022. Superior Plus Corp. (“Superior”) (TSX:SPB) announced today it has closed the previously announced acquisition of the retail propane and refined fuels distribution assets of Quarles Petroleum Inc. (the “Quarles Delivered Fuels Business”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Quarles Delivered Fuels Business do?

Quarles Inc. works hard to provide the propane and heating oil our Virginia customers need to keep their homes warm and businesses running. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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