Written on: October 19, 2020 by ICM
On Oct, 15, Superior Plus Corp. has acquired all of the equity interests of a Southern California retail propane distribution company, Central Coast Propane, through one of its wholly-owned subsidiaries. Terms of the deal were not disclosed.
Founded in 1992, and located in Paso Robles, CA, Central Coast is an established independent retail propane distributor serving approximately 2,800 residential and commercial customers in Southern California.
“The acquisition of Central Coast is Superior’s fourth acquisition in 2020 and third retail propane acquisition in California. Central Coast has an attractive mix of residential and commercial customers, and we anticipate this acquisition will provide synergy opportunities with our existing retail and wholesale propane operations in California,” said Luc Desjardins, Superior’s President & CEO.