About Superior Plus
Superior Plus is a company based in Mississauga (Canada) founded in 1989 was acquired by Marquard Bahls in April 2021. It operates as a Reseller / Distribution. Superior Plus has completed 9 acquisitions, including Canexus Corporation, Central Coast Propane and Certarus. Superior Plus offers products and services including Propane Distribution, Compressed Natural Gas Distribution, and Renewable Energy Solutions.
- Headquarter Mississauga, Canada
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Superior Plus Corp
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Annual Revenue
$2.27 B (USD)-2.68as on Dec 31, 2024
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Net Profit
$-35.04 M (USD)-197.7as on Dec 31, 2024
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EBITDA
$434.17 M (USD)3.53as on Dec 31, 2024
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Latest Funding Round
$260 M (USD), Post-IPO
Jun 08, 2020
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Investors
Brookfield Asset Management
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Canexus Corporation
& 8 more
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Acquired by
Marquard Bahls
(Apr 20, 2021)
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Propane is distributed to various customer segments.
Compressed natural gas is provided to industries.
Renewable energy products are offered to customers.
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Leadership Team
22 people
Finance and Accounting
9 people
Software Development Team
5 people
Sales and Marketing
5 people
Operations Team
5 people
Human Resources and Administration
4 people
Legal and Compliance
4 people
COO Team
2 people
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Funding Insights of Superior Plus
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $260.0M
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First Round
First Round
(28 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Post-IPO - Superior Plus | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Superior Plus | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Heating, cooling, oil, and propane services are provided.
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2019 | ||||
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Products and services for oil and gas transportation are provided.
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2012 | ||||
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Fuel and propane services for cooling and heating are provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Superior Plus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Superior Plus Comparisons
Competitors of Superior Plus
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Superior Plus
Frequently Asked Questions about Superior Plus
When was Superior Plus founded?
Superior Plus was founded in 1989 and raised its 1st funding round 29 years after it was founded.
Where is Superior Plus located?
Superior Plus is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Superior Plus?
Luc Desjardins is the current CEO of Superior Plus.
What is the annual revenue of Superior Plus?
Annual revenue of Superior Plus is $2.27B as on Dec 31, 2024.
What does Superior Plus do?
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.
What products or services does Superior Plus offer?
Superior Plus offers Propane Distribution, Compressed Natural Gas Distribution, and Renewable Energy Solutions.
Is Superior Plus publicly traded?
Yes, Superior Plus is publicly traded on TSX under the ticker symbol SPB.
How many acquisitions has Superior Plus made?
Superior Plus has made 9 acquisitions, including Canexus Corporation, Central Coast Propane, and Certarus.
Who are Superior Plus's investors?
Superior Plus has 2 investors. Key investors include Brookfield Asset Management, and Marquard Bahls.
What is Superior Plus's ticker symbol?
The ticker symbol of Superior Plus is SPB on TSX.