2020-21 merger and acquisition activity

June 3, 2021 By    

Here’s a look at the merger and acquisition activity LP Gas kept tabs on over the past 12 months, with acquiring companies in bold. Note: Some companies chose not to disclose their acquired companies.

Propane retailers who sold their companies recently also explained the acquisition process and their reasons for selling – learn more here.

Agview FS and Gold Star FS
Manlius Oil – Manlius, Illinois

Photo by LP Gas staff _ merger and acquisition activity

Photo by LP Gas staff

American Welding & Gas
Axmen Propane – Frenchtown, Montana
Bestway Welding Supply – Houston

Casey Energy
Marandola Fuel Service – New Milford, Connecticut

Central Valley Ag
Farmers Ranchers Cooperative – Ainsworth, Nebraska

Co-Alliance Cooperative Inc.
Harvest Land Co-op Inc. – Richmond, Indiana

Crestwood Equity Partners
Plains All American Pipeline, certain NGL storage and rail-to-truck LPG terminals – Houston

DCC Propane LLC
Blue Flame Propane locations – Douglas, Wyoming; Nunn, Colorado
Enviro Gas – Brighton, Colorado
NES Group – Brooklyn, Connecticut
Spalding Gas – Griffin, Georgia
United Propane Gas – Paducah, Kentucky

Dead River Co.
Fortier & Son – Somersworth, New Hampshire
Northern Essex Fuel Co. – Merrimac, Massachusetts

Energy Distribution Partners
Campora Propane – Stockton, California

Midwest Computer Register – Hampton, Iowa
Midwest Meter – Hampton, Iowa

Lee Propane – Pennington Gap, Virginia

Gault Family Companies
Quinoco Energy Services – Bristol, Connecticut

Southern States Cooperative, wholesale agronomy and energy assets – Richmond, Virginia
Star Energy FS – Manson, Iowa

Hiltz Propane Systems
Chesmont Engineering – Exton, Pennsylvania

Long Gas Co.
Yoder Gas Co. – Jet, Oklahoma

LT Corp.
Buckeye Fabricating – Springboro, Ohio

McAdams Propane Co.
1 acquisition

Meritum Energy
Forever Propane Sales & Service – Oakland Park, Florida
Home Gas Corp. – Miami
3 undisclosed

Simmons Energy Solutions – Decatur, Arkansas; Jay, Oklahoma

Mike Hopsicker acquired full ownership of:
Ray Murray Inc. – Lee, Massachusetts

Nesco Holdings
Custom Truck One Source – Kansas City, Missouri

NW Ohio Propane
Northwest Propane – Delta, Ohio

Offen Petroleum
Ozark Mountain Energy – Mount Vernon, Missouri

Wise Telemetry – Pittsburgh

Paraco Gas
Advantage Propane – Califon, New Jersey
F M Popovich & Sons – Ashland, Massachusetts

Platform Fuels
Dale’s Propane – Clayton, Oklahoma
Green’s Propane – Wellston, Oklahoma
Kiamichi LP Gas – Idabel, Oklahoma
McCurtain County Propane – Broken Bow, Oklahoma
Menz Propane – Union City, Oklahoma
Ned Guest LP Gas OK – Valliant, Oklahoma

Quarles Petroleum
Dixie Gas & Oil – Verona, Virginia

Reading Truck Group
Rayside Truck & Trailer – West Palm Beach, Florida

Sharp Energy
Western Natural Gas – Jacksonville, Florida

Square Deal Machining Inc.
Kurtz Truck Equipment – Marathon, New York

Star Group
Liberty Gas Service – Westhampton Beach, New York
Malzahn Gas Service – Sparrow Bush, New York
Sclafani Oil – Mahopac, New York

Suburban Propane Partners
Eastern Propane – Bayboro, North Carolina
Oberon Fuels, 39 percent stake – San Diego

Superior Plus Corp.
Central Coast Propane – Paso Robles, California
Champagne’s Energy – Arundel, Maine
Freeman Gas and Electric Co. – Spartanburg, South Carolina
Highlands Propane – Fenelon Falls, Ontario
Holden Oil – Peabody, Massachusetts
Miller Propane – Mont-Tremblant, Quebec
Star Gas/Petro, propane assets – Orangeburg, South Carolina; Cleveland, Georgia
Rymes Propane and Oil – Concord, New Hampshire

Symank Energy
Cuero-Yoakum Propane – Cuero, Texas

Airgas USA bulk propane assets – Maryland, southeastern Pennsylvania, West Virginia
All Service Propane – Anderson, California
Associated Propane – Petaluma, California
EnergyUnited Propane – Statesville, North Carolina
Midwestern Propane Gas – Belleville, Illinois
Pirkl Gas – Owatonna, Minnesota
Redwood Coast Fuels – Ukiah, California
Yongue’s Propane – Ocala, Florida

TransTech Energy
Bendel Tank and Heat Exchanger – Charlotte, North Carolina

Tri Gas & Oil/Comfort Plus Services
Refined fuels distributor – Delmarva Peninsula

Sources: LP Gas research; Blue Peak Resources; Cetane Associates; Gray, Gray & Gray; Legacy Energy Consulting; Matrix Capital Markets Group; Propane Resources; The Oil & Gas Advisor

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