Superior Plus

#5143

Rank

$1.25B

Marketcap

Canada

Country

Leadership team

Ms. Beth Summers C.A., CPA (Exec. VP & CFO)

Mr. Luc Desjardins M.B.A., MBA (Pres, CEO & Director)

Mr. Darren Bart Hribar (Sr. VP & Chief Legal Officer)

Products/ Services

Chemical, Construction, Oil and Gas

Headquarters

Toronto, Ontario, Canada

Established

1996

Revenue

Above - 1B

Traded as

SPB.TO

Social Media

URL

https://www.superiorplus.com

Overview

Location

Recognition and Award

References

Summary

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California. It also provides installation, maintenance, and repair services for propane and heating oil equipment. The Canadian Propane Distribution segment distributes and sells propane, and propane-consuming equipment; rents tanks, cylinders, and other equipment; and provides equipment supply, installation, and repair services. This segment offers its service in Canada and the United States. Superior General Partner Inc. serves as the general partner of the company. As of February 10, 2022, the company served approximately 780,000 customers The company was founded in 1996 and is headquartered in Toronto, Canada.

History

The company was founded in 1989 by Terence Hall, a native of Louisiana. It had an initial public offering in 1995, when it became listed on the New York Stock Exchange. Hall remained CEO of the company until he stepped down in 2010 and was replaced by current CEO David Dunlap.In 2012, the company grew significantly with its acquisition of Complete Production Services for approximately $2.7 billion.In 2020, the company announced it intent to file chapter 11 protective bankruptcy which was approved in January 2021.

On February 1, 2021, CEO David Dunlop sold shares of SPNX while knowing the stock would be deleted in 2 days

On February 3, 2021, Superior Energy released a PR stating the company was out of bankruptcy

On February 4, 2021, Superior Energy stock, under symbol SPNX, was deleted, and became worthless. This had been foretold by the company in documents filed by the company with the U.S. Securities and Exchange Commission as part of its bankruptcy process.

On March 22, 2021, Superior Energy announced the removal of CEO David Dunlap and CFO Wesley Ballard.

Mission

To be the leading specialty chemicals and related services provider in North America and the United Kingdom, delivering safe, reliable, innovative, and sustainable solutions that bring value to our customers and stakeholders.

Vision

Our vision is to be the distributor, wholesaler, and provider of choice for specialty chemicals and related services, offering exceptional service and setting the standard for the industry.

Key Team

Ms. Catherine May Best F.C.A., FCA, FCPA, ICD.D (Independent Director)

Mr. Rick Carron (Pres of Superior Propane)

Mr. Harry Kanwar (VP of Risk & Compliance)

Mr. Andrew J. Peyton (Pres of Superior Plus Propane)

Mr. Douglas J. Harrison CCLP, CMA, CPA, ICD.D, MBA (Independent Director)

James Devens (VP of Operations - U.S. Propane Distribution)

Mr. Ash Rajendra (VP & Chief Information Officer)

Recognition and Awards

Superior Plus has been recognized multiple times by leading industry awards such as the Canadian Tire Corporation Big Award, the PACE Environmental Initiative, and the Ontario Chamber of Commerce Best Practices Award.