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Announced

Completed

Superior Plus completed the acquisition of Certarus for $1.05bn.

Financials

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Transaction Value£847m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA99.7x
Share Price Premium-
One Off Charge-

Tags

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Domestic

energy solutions

Canada

natural gas distribution

Friendly

Majority

Single Bidder

Acquisition

Gas Distribution

Private

Completed

Synopsis

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Superior Plus, a distributor and marketer of propane and distillates, completed the acquisition of Certarus, a provider of compressed natural gas delivery and carbon neutral energy solutions, for $1.05bn. “The combination of these two energy distribution platforms creates one of the most resilient and innovative companies in this industry. The Certarus acquisition is a highly strategic transaction that adds an established, innovative and profitable player in the rapidly growing low carbon energy distribution industry. Certarus immediately contributes significant free cash flow, which can be used to continue to fund incremental growth opportunities in this attractive segment," Allan MacDonald, Superior’s President and CEO.

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