New Jersey’s Eastern Propane merges with Osterman Propane

September 7, 2016 By    

New Jersey-based Eastern Propane has merged with Osterman Propane, a wholly owned subsidiary of NGL Energy Partners.

As a result of the merger, Eastern Propane is now a wholly owned part of NGL Energy Partners, as well, says Shawn Coady, president and COO of retail propane at NGL Energy Partners.

NGL Energy Partners had acquired the propane assets of Osterman Propane in 2011.

According to the New Jersey Herald (Newtown, New Jersey), neither company plans to change its name or service offerings as a result of the merger.

“[Osterman Propane has] an excellent reputation and track record,” Rob Nicholson, president of Eastern Propane, told the New Jersey Herald. “Having known the Ostermans’ involvement in the National Propane Gas Association, we know the type of company they run, and our cultures are very similar.”

Eastern Propane employs 80 people and serves about 15,000 customers in northwestern New Jersey, southern New York and northeastern Pennsylvania. Osterman Propane serves nearly 120,000 customers throughout New York and the New England states.

“We run a weather-dependent business, so some years it might be colder in New England than in the mid-Atlantic states,” Vincent Osterman, president of Osterman Propane, told the New Jersey Herald. “We are able to expand each other’s geographical footprint.”

 

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