July.15.2021
Orrick has advised Superior Plus (TSX:SPB) on its wholly-owned subsidiaries’ agreement to acquire the equity interests of Kamps Propane, High Country Propane, Pick Up Propane, Kiva Energy, Competitive Capital and Propane Construction and Meter Services for $240 million. Superior plans to draw on its credit facility to fund the amount of the purchase price due on closing. The acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close during the third quarter of 2021.
The Orrick team advising Superior Plus was led by Joe Roger and includes King Milling, Sara Gates, Daniel Lopez, Alessandra Grace, Adam Kowis, Zachary Huey, Bob Lawrence, Amy Ray, Sue Cowell, Cristine LeVasser, Jessica Sewell and Karen Cannon.