2021-22 merger and acquisition activity

May 19, 2022 By    

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

Bauer LP Gas & Appliance – Durand, Wisconsin
Franksville Oil & LP Gas – Caledonia, Wisconsin

Black Diamond Capital Management
Arcosa storage tank business – Dallas

Blossman Gas
Coastal Gas Services – Outer Banks, North Carolina
Dolphin Gas – Miami
Ford’s Propane – North Myrtle Beach and Loris, South Carolina; Bolivia, North Carolina

C&S Fuels
Scott Petroleum – Itta Bena, Mississippi

Cole Oil & Propane
Strobel Propane Gas – Kewaskum, Wisconsin

Colonial Oil Industries
Lykins Cos., wholesale fuels business – Milford, Ohio

Country Visions Cooperative
CHS Larsen Cooperative – New London, Wisconsin

Crystal Flash
J-M Transports – Newark, Illinois

D.E. Duffey & Sons
Sheller Oil – West Chester, Pennsylvania

Infonetics – Grove City, Ohio

DCC Propane
Affordable Propane Gas – Fort Morgan, Colorado
Greenwell’s Propane Gas – Taylorsville, Kentucky
JC Propane – Delta, Colorado

Dead River Co.
Giroux Energy – Portland, Maine
Main Street Fuel – Richmond, Maine

Acme Cryogenics Inc. – Allentown, Pennsylvania
Engineered Controls International, parent company of RegO – Elon, North Carolina

Durkin Propane
Economy Energy – Peekskill, New York

Empire Gas Co.
5 acquisitions

Energy Distribution Partners
4 acquisitions

Enterprise Products Partners
Navitas Midstream – Midland, Texas

Estes Oil & Propane, Townsend Energy
Dodge Oil & Propane – Gorham, Maine

North Cascades Propane Service – Twisp, Washington
Proflame Propane – East Moriches, New York
StarLite Propane – Bay Shore, New York

Gault Family Cos.
Rural Fuels – Trumbull, Connecticut

Tank Utility – Boston

Global Partners
Millers Energy retail stores, wholesale accounts – North Carolina; Virginia

Growmark (FS Propane)
Rull Bros. Propane – Bunker Hill, Illinois

Holtzman Propane
Bruce’s Propane – Levittown, Pennsylvania

HOP Energy
Dominick Fuel – Norwalk, Connecticut

Joint venture of Pembina Pipeline Corp. and KKR global infrastructure funds, from Energy Transfer
Energy Transfer Canada – Calgary, Alberta, Canada

Kauffman Gas
Penn-Jersey Propane Gas – Medford, New Jersey

Koppy’s Propane
Miller’s Gas & Oil Service – Shamokin, Pennsylvania
Swenson Fuels – New Bloomfield, Pennsylvania

Lakes Gas
Foss-Johnson Oil – Walcott, North Dakota

Lettermen’s Energy
Alpha Propane – Victor, Montana
Arrow Propane – Spokane Valley, Washington
Basin Propane – Moses Lake, Washington
Canyon State Propane – Phoenix
High Sierra Gas – Portola, California; Reno, Nevada
Sagamore Gas – Colfax, Indiana
Wolf River Propane – New London, Wisconsin

Lock’s Mill Propane
Three Rivers Propane – Linn, Missouri

McAdams Propane Co.
1 acquisition

McDougall Energy
Dodsley Fuels – Tillsonburg, Ontario, Canada
Dowler-Karn – St. Thomas, Ontario, Canada

MFA Oil Co.
American Propane – Pevely, Missouri
Griffin Oil & Propane – Deering and Portageville, Missouri
Midwest Propane – Paola, Kansas

Offen Petroleum
Pathfinder Transportation – Hiwasse, Arkansas
Petroleum Management – Platteville, Colorado

Otodata Technologies USA
Wireless Applications Corp. – Tel-Aviv, Israel

Paraco Gas
Warner’s Propane & Oil – Gilbert, Pennsylvania

Phoenix Park Energy Marketing
Keyera NGL terminal – Hull, Texas

Pinnacle Propane
Ag Country Propane – Quemado, New Mexico
Collins Propane – Wylie, Texas
United Propane – Dallas

Redwood Capital Investments
Dead River Co. – South Portland, Maine

River Valley Cooperative
Eastern Iowa Propane & Petro – Clinton, Iowa

Sail Energy
Rinker Oil Corp. – Cuba, New York

Sharp Energy
Diversfied Energy Co. – Boone, North Carolina

Shipley Choice
Lykins Cos., electricity business – Milford, Ohio

Star Group
Krall Oil – New Haven, Connecticut

Sunshine Gasoline Distributors
Millers Energy wholesale accounts – Florida

Superior Fuel Co.
2 acquisitions

Superior Plus Corp.
Hopkins Propane – Shelbyville, Michigan
Kamps Propane – Manteca, California
Mountain Energy Gas – Waynesville, North Carolina
Quarles Petroleum – Fredericksburg, Virginia
Williams Energy Group – New Bern, North Carolina

TerraVest Industries
Mississippi Tank and Manufacturing Co. – Hattiesburg, Mississippi

Eagle Energy – Sparks, Nevada
Polar Gas – Brighton, Colorado
Propane Etc. – Aberdeen, Washington
Timberline Gas and affiliates:

  • Madison River Propane – Belgrade, Montana
  • Propane Services Innovated – Butte, Montana
  • Salt River Propane – Thayne, Wyoming
  • Blue Flame Propane – Williston, North Dakota

TruFlame Gas – Waynesboro, Georgia
Ultra Energy – Hammond, Wisconsin

Driver’s Propane – Americus, Georgia

Westport Fuel Systems, from Worthington Industries
Stako – Słupsk, Poland

Winthrop Fuel
Lisbon Fuel – Lisbon Falls, Maine

World Fuel Services
Lykins Cos., bulk fuels division – Milford, Ohio

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

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