ThompsonGas acquires three Southern marketers

December 17, 2012 By    

ThompsonGas recently purchased the assets of three propane marketing companies, including Drivers Energy in Dawson, Ga.; Tarheel Oil and Propane in North Wilkesboro, N.C.; and the Quality/Ideal Gas Group in Griffin, Ga.

ThompsonGas estimates it is adding nearly 7 million annual gallons and $26 million in annual revenues with the acquisitions. When complete, the company says it will serve about 190,000 customers across 11 states.

ThompsonGas intends to finance the transactions with a combination of equity and debt in line with its long-term capital structure objectives.

Kevin Yanik

About the Author:

Kevin Yanik is the senior editor of LP Gas Magazine. Contact him at kyanik@northcoastmedia.net or 216-706-3724.

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