Superior Plus to draw on credit facility for $240 million acquisition

Chicago, July 14 – Superior Plus Corp. announced that it plans to draw on its credit facility for its acquisition of Kamps Propane, according to a press release.

The $240 million purchase price, before adjustments for working capital, will be used to acquire the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Kiva Energy, Inc., Competitive Capital, Inc. and Propane Construction and Meter Services.

The acquisition is subject to customary regulatory and commercial closing conditions. It is anticipated to close during the third quarter of 2021.

Superior Plus is a Toronto-based propane distributor and marketer.

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