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Superior Plus
Superior Plus

-4.67%

Energy / Energy supply

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Superior Plus is a diversified, energy and specialty chemicals company headquartered in Toronto, Canada. It was founded in 1911 as Superior Propane and has since expanded through acquisitions and organic growth to become one of the leading energy and specialty chemicals providers in North America.
The company operates in three main business segments: Energy Distribution, Specialty Chemicals, and Construction Products Distribution. Its Energy Distribution segment distributes propane, heating oil, and other refined fuels to residential, commercial, and industrial customers. Superior Plus also provides ancillary services, such as equipment sales and rentals, installations, and maintenance.
The Specialty Chemicals segment offers a wide range of specialty chemical products and services to various industries, including water treatment, pulp and paper, food and beverage, and oil and gas. The company has a strong presence in both Canada and the United States, as well as operations in Europe.
Finally, the Construction Products Distribution segment supplies construction materials and related products to residential and commercial construction projects throughout Canada.
Superior Plus is committed to sustainability and has implemented various initiatives to reduce its environmental footprint. This includes investments in renewable energy, energy efficiency programs, and partnerships with Indigenous communities.
The company is listed on the Toronto Stock Exchange and has a strong financial track record. It has been consistently growing its revenue and earnings through a combination of organic growth and strategic acquisitions.
In addition to its business operations, Superior Plus is also involved in community outreach and charitable initiatives through the Superior Plus Foundation. The Foundation focuses on supporting organizations that promote education, mental health, and environmental conservation.
What is special about the company?
There are a few things that make Superior Plus stand out as a company:
1. Diverse range of products and services: Superior Plus offers a wide variety of products and services in the energy, chemicals, and construction industries. This diversity allows the company to serve various customers and mitigate risk by not relying solely on one product or service.
2. Strong customer relationships: With a focus on delivering excellent customer service, Superior Plus has established strong relationships with its customers, leading to long-term partnerships and repeat business.
3. Commitment to sustainability: Superior Plus is committed to operating sustainably and reducing its environmental impact. The company has set ambitious goals for reducing carbon emissions, promoting renewable energy, and implementing environmentally-friendly practices.
4. Experienced leadership team: The company’s leadership team has a wealth of experience in the industries in which Superior Plus operates. This expertise has helped the company navigate challenges and grow its business.
5. Strategic acquisitions: Superior Plus has a history of successful acquisitions, allowing the company to expand its product offerings, geographic reach, and customer base. This strategy has contributed to the company’s growth and success over the years.
6. Strong financial performance: Superior Plus has a strong financial track record and has consistently delivered profitable results. This stability and success make the company a reliable and attractive investment for shareholders.
What the company's business model?
Superior Plus is a diversified energy and specialty chemicals company that delivers a unique mix of products, services, and capabilities to customers and communities across North America and beyond. Its business model is focused on four main areas: energy distribution, specialty chemicals, propane, and renewable energy.
Energy distribution: Superior Plus operates a network of over 120 propane distribution branches and 40 heating oil distribution branches, serving residential, commercial, and industrial customers. It also provides natural gas, electricity, and wholesale energy services to customers in Canada and the United States.
Specialty chemicals: Superior Plus is a leading producer of specialty chemicals used in a variety of industries, such as pulp and paper, food and beverage, and water treatment. Its chemicals are sold worldwide and are crucial components in everyday products.
Propane: Superior Plus is one of the largest wholesale propane marketers and distributors in North America, supplying propane to customers in the residential, commercial, and industrial sectors.
Renewable energy: Superior Plus is committed to expanding its renewable energy portfolio, including investments in clean energy technologies such as wind, solar, and biomass.
Overall, Superior Plus’ business model is centered around providing essential products and services, promoting sustainable energy solutions, and delivering value to its customers and shareholders.
Interesting facts about the company
1. Superior Plus is a Canadian-based energy distribution and services company that primarily operates in North America.
2. The company was founded in 1996 and is headquartered in Calgary, Alberta.
3. Superior Plus has over 11,000 employees and operates in more than 1800 locations across North America.
4. The company provides energy distribution, propane marketing, heating, and cooling services to residential, commercial, and industrial customers.
5. Superior Plus is one of the top five propane distribution companies in the United States and is the largest propane distributor in Canada.
6. The company’s business is divided into three segments: Energy Distribution, Specialty Chemicals, and Construction Products Distribution.
7. The company has a diverse portfolio of products and services, including propane, heating oil, natural gas, specialty chemicals, insulation, and construction materials.
8. Superior Plus has been growing its business through strategic acquisitions in the energy, specialty chemicals, and construction materials sectors.
9. In 2019, the company was recognized as one of Canada’s Top Employers for Young People for its programs and initiatives that support the development and growth of young employees.
10. Superior Plus is committed to sustainability and has implemented various initiatives to reduce its environmental impact, such as investing in renewable energy sources, reducing emissions, and implementing recycling programs.
11. In 2020, Superior Plus received the Corporate Knights Future 40 Responsible Corporate Leaders award for its efforts in environmental, social, and governance practices.
12. The company has a strong focus on community involvement and supports various local organizations and initiatives through its Community Investment Program.
13. Superior Plus is listed on the Toronto Stock Exchange and is a component of the S&P/TSX Composite Index.
14. In 2020, the company reported total revenues of approximately $6.4 billion and had a market capitalization of over $2 billion.
15. In 2020, Superior Plus was ranked #125 on the Forbes list of Canada’s Best Employers.
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