Announced
Completed
Financials
Tags
Friendly
diversified chemicals
Public
Single Bidder
Electricity Distribution
Minority
energy distribution
Acquisition
Canada
Private Equity
Domestic
Completed
Synopsis
Brookfield Asset Management completed the $260m investment in Superior Plus, a Canadian-based company that engages in the energy distribution, specialty and chemicals business. "Acquisitions are becoming increasingly attractive as fewer competing buyers are pursuing growth at the current time. We are excited to partner with Brookfield on the execution of our strategy. Our differentiated business platform, combined with the improved financial strength and enhanced liquidity resulting from the Brookfield Investment, positions Superior to become the leading consolidator in the US propane industry, which we view as a highly opportunistic environment," Luc Desjardins, Superior President and CEO.
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