M&A Deal Summary

Birch Hill Equity Partners Acquires Superior Plus - Specialty Chemicals Business

On February 18, 2021, private equity firm Birch Hill Equity Partners acquired chemicals company Superior Plus - Specialty Chemicals Business from Superior Plus for 725M USD

Acquisition Highlights
  • This is Birch Hill Equity Partners’ 2nd transaction in the Chemicals sector.
  • This is Birch Hill Equity Partners’ largest (disclosed) transaction.
  • This is Birch Hill Equity Partners’ 37th transaction in Canada.
  • This is Birch Hill Equity Partners’ 23rd transaction in Ontario.

M&A Deal Summary

Date 2021-02-18
Target Superior Plus - Specialty Chemicals Business
Sector Chemicals
Buyer(s) Birch Hill Equity Partners
Sellers(s) Superior Plus
Deal Type Divestiture
Deal Value 725M USD

Target

Superior Plus - Specialty Chemicals Business

Toronto, Ontario, Canada
Superior Plus Corp's Specialty Chemicals Business includes the production and distribution of specialty chemicals products.

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Buyer(S) 1

Buyer

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners Management, Inc. is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$30 and C$600 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners Management, Inc. was formed in 1994 and is based in Toronto, Canada.


DEAL STATS #
Overall 42 of 43
Sector (Chemicals) 2 of 2
Type (Divestiture) 6 of 6
State (Ontario) 23 of 23
Country (Canada) 37 of 38
Year (2021) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Uni-Select

Boucherville, Quebec, Canada

Uni-Select is a North American distributor of replacement parts, equipment, tools, accessories, paint, and related products in the automotive aftermarket. Uni-Select was founded in 1968 and is based in Boucherville, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Terrapure Environmental

Burlington, Ontario, Canada

Terrapure Environmental is a provider of industrial waste management and resource recovery. The company provides services that minimize the waste produced by clients’ industrial processes and recycles used oil and metals products for resale. Terrapure Environmental was founded in 2015 and is based in Burlington, Ontario.

Sell CA$928M

Seller(S) 1

SELLER

Superior Plus

Toronto, Ontario, Canada

website


Category Company
Founded 1996
Sector Diversified
Employees4,261
Revenue 3.4B CAD (2022)
DESCRIPTION

Superior Plus is a diversified company that engages in the energy distribution and specialty chemicals business. The company operates two separate businesses: Energy Distribution and Specialty Chemicals. All of the businesses are operated on the principles of entrepreneurship, continuous improvement, executing on objectives, safety, and teamwork. Superior Plus was founded in 1996 and is based in Toronto, Ontario.


DEAL STATS #
Overall 4 of 4
Sector (Chemicals) 1 of 1
Type (Divestiture) 4 of 4
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Highlands Propane

Fenelon Falls, Ontario, Canada

Highlands Propane is a primarily residential propane distributor based in Fenelon Falls, Ontario, and delivers approximately 13 million liters of propane annually.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Freeman Gas

Spartanburg, South Carolina, United States

Freeman Gas is one of the oldest and largest home propane suppliers and providing prompt service and affordable propane to customers. Freeman Gas offers a variety of high-performance, quality products like propane tankless water heaters, fireplaces, gas logs, and grills. Freeman Gas was founded in 1936 and is based in Spartanburg, South Carolina.

Buy $170M