Skip to content.

Certarus Ltd. completes acquisition by Superior Plus Corporation for C$1.05B

Date Closed

May 31, 2023

Lead Office



1.05 Billion CAD

On May 31, 2023, Certarus Ltd. ("Certarus") completed their previously announced definitive arrangement agreement to be acquired by Superior Plus Corporation ("Superior") for C$1.05 billion. Superior will acquire all the outstanding common shares of Certarus and the Certarus shareholders will receive C$353 million in cash and C$500 million of Superior common shares priced at $10.25 per share, representing approximately 17% pro forma ownership.

Certarus Ltd., based in Calgary, Alberta provides on-road low carbon energy solutions through a fully integrated CNG, renewable natural gas and hydrogen platform.

Superior Plus Corporation, based in Toronto, Ontario, is a distributor and marketer of propane and distillates and related products and services, servicing over 890,000 customer locations in the U.S. and Canada.

McCarthy Tetrault advised Certarus with a team led by Jason Gudofsky that included Michael Caldecott, Niki Iatrou, Gideon Kwinter, Erin Keogh (Competition).