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Superior Plus Corp. (Suburban Propane)
Superior Plus Corp. (Toronto ON; TSX: SPB; ~CAD $2.5B revenue 2024) is a Canadian-listed energy distribution company that acquired Suburban Propane Partners LP — the third-largest US retail propane distributor — in December 2022 for approximately US$900M. Suburban Propane (Whippany NJ) serves ~700,000 residential, commercial, and agricultural customers across the eastern and central US through 700+ distribution locations. Superior Plus also operates its own Energy Distribution segment in Canada (Superior Propane — largest Canadian propane retailer) and acquired multiple regional US propane companies in 2019-2023. The combined Superior Plus/Suburban Propane entity serves rural grain-drying markets in Ohio, Indiana, Michigan, and the Mid-Atlantic agricultural belt.
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