Superior Plus Corp. to Acquire Certarus Ltd. for $1.05 Billion

Superior Plus Corp. has announced a deal to purchase Certarus Ltd., a private distributor of compressed natural gas, renewable natural gas and hydrogen, for a total of $1.05 billion including debt. The agreement includes $853 million in cash and $500 million worth of Superior common shares at $10.25 per share for Certarus shareholders. The deal is expected to close in the first quarter of 2023.

In short, Superior Plus Corp. is buying Certarus Ltd for a total of $1.05 billion including debt and will provide cash and stock to shareholders of Certarus Ltd in exchange for their shares. The transaction is expected to be finalized in the first quarter of 2023 subject to customary closing conditions.

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Picture source: Federico Beccari