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New Deal


Announced

Completed

Brookfield Asset Management completed the $260m investment in Superior Plus.

Financials

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Transaction Value£205m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium24%
One Off Charge-

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Friendly

diversified chemicals

Public

Single Bidder

Electricity Distribution

Minority

energy distribution

Acquisition

Canada

Private Equity

Domestic

Completed

Synopsis

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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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