About Superior Plus
Superior Plus is a publicly listed company based in Mississauga (Canada) founded in 1989, and was acquired by Marquard Bahls in April 2021. Superior Plus is engaged in distributing propane and renewable energy. It operates on a Reseller / Distribution model. Superior Plus has completed 9 acquisitions, including Canexus Corporation, Central Coast Propane and Certarus. Its chief executive, as recorded, is Luc Desjardins. Its website superiorplus.com draws about 10 thousand monthly visits. Superior Plus offers products and services including Propane Distribution, Compressed Natural Gas Distribution, and Renewable Energy Solutions. Its focus areas include Energy, Oil & Gas and Distribution.
Company details
Superior Plus is recognized as a leading distributor of propane, compressed natural gas, renewable energy, and related products across North America. Operations are focused on serving approximately 750,000 customer locations in the U.S. and Canada through its primary businesses, which include propane distribution and CNG, RNG, and hydrogen distribution. Low carbon fuels are delivered safely to residential, commercial, utility, agricultural, and industrial customers not connected to pipelines. By displacing more carbon-intensive fuels, the company supports the energy transition, helping customers reduce operating costs and enhance environmental performance. The energy distribution business is structured into four divisions: U.S. Propane Distribution, Canadian Propane Distribution, Wholesale Propane Distribution, and Certarus.
- Headquarters Mississauga, Canada
- Stage Acquired
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website superiorplus.com
- Social LinkedIn
- Acquired by Marquard Bahls (Apr 2021)
- Legal Name Superior Plus Corp
- Annual Revenue$2.51 B (USD)5.35as on Dec 31, 2025
- Net Profit$62.05 M (USD)as on Dec 31, 2025
- EBITDA$467.91 M (USD)2.55as on Dec 31, 2025
- Latest Funding Round$260M (USD), Post-IPO
Jun 2020
- InvestorsBrookfield Asset Management
& 1 more
- Investments & AcquisitionsCanexus Corporation
& 8 more
- Acquired byMarquard Bahls
(Apr 2021)
Products & Services of Superior Plus
Superior Plus offers a comprehensive portfolio of products and services, including Propane Distribution, Compressed Natural Gas Distribution, and Renewable Energy Solutions.
Propane is distributed to various customer segments.
Compressed natural gas is provided to industries.
Renewable energy products are offered to customers.
Funding Insights of Superior Plus
- Total Rounds 2
- Last Round Post-IPO — $260M
- First Round $750M
(Jun 2018)
- Investors Count 1
All 2 funding rounds of Superior Plus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $260M | Post-IPO | – | – | |
| Jun 2018 | $750M | Debt – Conventional | – | – | – |
2 investors in total: 2 institutional.
Investors in Superior Plus
Superior Plus has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Marquard Bahls.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
| marquard-bahls.com |
Investor details for Superior Plus
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People of Superior Plus
60 people are tracked at Superior Plus (42 in leadership, 8 in board & advisors, 10 in team).
| Name | Role | Group |
|---|---|---|
Luc Desjardins | CEO | Leadership |
Steve Murk | VP, Human Resources, U.S. Propane | Leadership |
Richard Cheng | VP, Hydrogen, Certarus | Leadership |
Ash Rajendra | VP & Chief Information Officer | Leadership |
Andy Peyton | COO, North American Propane Distribution | Leadership |
Ryan Hesketh | Vice President, Engineering | Leadership |
Marshall Zurovec | VP, Sales, USA, Certarus | Leadership |
Natasha Cherednichenko | COO, Certarus | Leadership |
Denyel Sears | VP, Finance, Certarus | Leadership |
Sam Mazzotta | VP, Marketing | Leadership |
Chris DeFilippo | VP, Marketing & Business Development | Leadership |
Andy Desmann | VP, Finance | Leadership |
Lisa O'connor | VP, Finance | Leadership |
Michael Horowitz | Director | Leadership |
Harry Kanwar | VP, Risk & Compliance | Leadership |
Rick Carron | President, Superior Propane | Leadership |
Erin Seaman | VP, Tax | Leadership |
Allan MacDonald | President & CEO | Leadership |
Darren Hribar | SVP & Chief Legal Officer | Leadership |
Jim Carlsson | VP, Operations Support | Leadership |
40 more people are available in the full profile.
Complete people profiles for Superior Plus
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IPO & Listings of Superior Plus
Superior Plus is a publicly listed company on the TSX with ticker symbol SPB in Canada, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Oct 1996
- Listed onTSX: SPB
- Listed entitySuperior Plus Corp
- Exchange sectorDistribution services
- ISINCA86828P1036
- Share price7.00 CAD (+0.14% on the day) · 2026-10-13
- Market capitalisation1,502,200,043.00 CAD
- Price to earnings79.7
- EPS (diluted, trailing year)-0.05 CAD
- Dividend yield2.58%
- Volume (last session)270,956
Financials of Superior Plus
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.44B CAD | 85.0M CAD | 640.7M CAD |
| 2024 | 3.26B CAD | -50.4M CAD | 624.7M CAD |
| 2023 | 3.35B CAD | 51.6M CAD | 603.4M CAD |
| 2022 | 3.38B CAD | -112.5M CAD | 421.7M CAD |
| 2021 | 2.39B CAD | 182.9M CAD | 315.8M CAD |
Detailed financial statements for Superior Plus
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Superior Plus
Superior Plus has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Canexus Corporation, Central Coast Propane and Certarus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Products and services for oil and gas transportation are provided. | certarus.com | Calgary, Canada | 2012 | Dec 2022 | •••• | |
Delivery and installation of propane gas are provided to customers. | centralcoastpropane.com | Paso Robles, United States | 1992 | Oct 2020 | •••• | |
Petroleum products are supplied by Champagne’s Energy across markets. | champagnesenergy.com | Portland, United States | 1981 | Jul 2020 | •••• | |
Heating, cooling, oil, and propane services are provided. | sungas.com | Geneva, United States | 2019 | Mar 2019 | •••• | |
Fuel and propane services for cooling and heating are provided. | muscopropane.com | New Haven, United States | 2010 | Oct 2018 | •••• | |
Provider of oil heating and cooling services | porcoenergy.com | Marlboro, United States | 2001 | Sep 2018 | •••• | |
Operator of LPG tank leasing and trucking services | unitedpacificenergy.com | Reno, United States | 1990 | Sep 2018 | •••• | |
Sodium chlorite is distributed by the company worldwide. | idiclo2.com | North Kingstown, United States | 1948 | Oct 2017 | •••• | |
Manufacturer and marketer of various chemicals | canexus.ca | Calgary, Canada | 1968 | Oct 2015 | $710.35M |
Complete acquisition details for Superior Plus
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- Acquired stakes
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Timeline of Superior Plus
14 dated milestones of Superior Plus across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Superior Plus is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Canexus Corporation.
- Acquisition Acquires International Dioxcide.
- Funding First funding round of $750.0M.
- Acquisition Acquires United Pacific Energy.
- Acquisition Acquires Porco Energy.
- Acquisition Acquires Superior Plus Energy Services.
- Acquisition Acquires Phelps Sungas.
- Funding Latest funding round, Post-IPO, of $260.0M.
- Acquisition Acquires Champagne’s Energy.
- Acquisition Acquires Central Coast Propane.
- Exit Acquired by Marquard Bahls.
- Acquisition Acquires Certarus.
Web traffic of Superior Plus
The website of Superior Plus (superiorplus.com) receives about 10.4K visits a month.
- Monthly visits10.4K
▲ 10.8% vs previous month
Websites whose visitors overlap most with Superior Plus. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| superiorpropane.com | 100% | 142.8K | #318,072 | View details | |
alfalaval.ca | alfalaval.ca | 65% | #3,003,477 | – |
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Related news about Superior Plus
Complete news archive for Superior Plus
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Frequently Asked Questions about Superior Plus
Superior Plus was founded in 1989 and raised its 1st funding round 29 years after it was founded.
Superior Plus is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Luc Desjardins is the CEO of Superior Plus, as recorded in our data.
Annual revenue of Superior Plus is $2.51B as on Dec 31, 2025.
Superior Plus is recognized as a leading distributor of propane, compressed natural gas, renewable energy, and related products across North America. Operations are focused on serving approximately 750,000 customer locations in the U.S. and Canada through its primary businesses, which include propane distribution and CNG, RNG, and hydrogen distribution. Low carbon fuels are delivered safely to residential, commercial, utility, agricultural, and industrial customers not connected to pipelines. By displacing more carbon-intensive fuels, the company supports the energy transition, helping customers reduce operating costs and enhance environmental performance. The energy distribution business is structured into four divisions: U.S. Propane Distribution, Canadian Propane Distribution, Wholesale Propane Distribution, and Certarus.
Superior Plus offers Propane Distribution, Compressed Natural Gas Distribution, and Renewable Energy Solutions.
Yes, Superior Plus is publicly traded on TSX under the ticker symbol SPB.
Superior Plus has made 9 acquisitions, including Canexus Corporation, Central Coast Propane, and Certarus.
Superior Plus has 2 investors. Key investors include Brookfield Asset Management, and Marquard Bahls.
Superior Plus operates through Superior Plus.
Yes. Superior Plus was acquired by Marquard Bahls in April 2021.