What is Superior Plus?
Founded in 1996 and headquartered in Toronto, Ontario, Superior Plus is a diversified company engaged in providing a comprehensive array of fuels, energy-related services, and equipment to both residential and commercial clients. The company's operations span across various facets of the energy supply chain, reflecting a robust market presence and a commitment to meeting diverse energy needs.
How much funding has Superior Plus raised?
Superior Plus has raised a total of $692.3M across 2 funding rounds:
Share Placement
$404.3M
Share Placement
$288M
Share Placement (2021): $404.3M with participation from iA Private Wealth, RBC Dominion Securities, Desjardins, CIBC World Markets, BMO Nesbitt Burns Investment Advisors, Canaccord Genuity, Casgrain Asset Management, Wells Fargo Securities, Cormark Securities, Inc, National Bank Financial - Wealth Management, Raymond James, AltaCorp Capital, J.P. Morgan First Capital Securities, TD Securities, and Scotia Capital
Share Placement (2022): $288M, investors not publicly disclosed
Key Investors in Superior Plus
RBC Dominion Securities
RBC Dominion Securities is the brand used by Royal Bank of Canada for full-service brokerage services, primarily in Canada, and forms part of RBC's Wealth Management division.
Desjardins
The Desjardins Group is a Canadian cooperative that is the largest federation of credit unions in North America, and is counted among the World's Strongest Banks according to the Banker magazine. It was founded in 1900 in Levis, Quebec by Alphonse Desjardins.
CIBC World Markets
SolinvestSolinvest is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 1Mto5M of revenue. The company is headquartered in Kelowna, British Columbia, Canada.
What's next for Superior Plus?
The substantial enterprise-level funding, particularly the recent strategic investment, indicates Superior Plus is likely in a phase of aggressive scaling or strategic acquisition. This capital infusion is expected to fuel expansion into new markets, enhance service offerings, and potentially invest in technological advancements to optimize energy delivery and efficiency. The company's continued access to significant financing suggests strong investor confidence in its business model and future growth prospects within the dynamic energy sector.
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