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2022-23 merger and acquisition activity

May 16, 2023 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.


3eight Energy
Rail terminal – Mount Airy, Georgia

Allen’s Oil & Propane
Penn-Jersey Propane – Hainesport, New Jersey

American Welding & Gas
TriCounty Gas – Buffalo, Wyoming

AmeriGas Propane
South Florida Lift Gas – Miami

Blossman Gas Inc.
Alliance Propane – Fort Myers, Florida
Buchanan Oil and L.P. Gas Inc. – Travelers Rest, South Carolina
Central Florida Propane – Orlando, Florida
Mansfield Brothers Propane – Southport, North Carolina
Wigley Propane – Jasper, Georgia

Busters Propane
1 acquisition

Button Oil & Propane
Phillips Fuel – Plymouth, Pennsylvania

Cavagna Group
Ecomotive Solutions, equity interest – Madonnina, Italy

Civista Bancshares
Vision Financial Group – Pittsburgh

Co-Alliance Cooperative
Plymouth LP Gas Corp. – Plymouth, Indiana
Rochester LP Gas Corp. – Rochester, Indiana
Shelby Bottled Gas – Shelbyville, Indiana

Colby & Gale Inc.
M.W. Sewall Inc. – Bath, Maine

Dead River Co.
Charlie Burnham Energy & Heating Service – Freeport, Maine
Maine Energy – Northport, Maine
Scott Energy Co. Inc. – Gloucester, Massachusetts
Tidewater Oil Co. – Belfast, Maine

Eastern Propane & Oil
Goodrich Oil & Propane – Newport, New Hampshire

Energy Distribution Partners acquired Campora Propane of Stockton, California, in 2020. Over the past 12 months, the company completed four acquisitions in four different states. (Photo courtesy of Campora Propane)

Energy Distribution Partners acquired Campora Propane of Stockton, California, in 2020. Over the past 12 months, the company completed four acquisitions in four different states. (Photo courtesy of Campora Propane)

Energy Distribution Partners
Barrett Propane – Prescott, Arizona
Harbor Point Energy Products – Frankfort, New York
High Grade Gas Service – Stafford Springs, Connecticut
Mount Perry Propane – Mount Perry, Ohio

Fabian Oil Inc.
Spring Brook Ice & Fuel Co. – Waterville, Maine

Ferrellgas
Apollo Propane – Moraine, Ohio
Brown’s Gas – Marysville, California
Dubben Gas Service – Delhi, New York
Rez Bear Propane – Harris, New York

Florida Public Utilities
Hernando Gas – Hernando, Florida

Grammer Logistics
Logistics Management Resources – Baton Rouge, Louisiana

Greendale Propane Partners
Huron Propane – Pigeon, Michigan

Heritage Petroleum
May’s LP Gas Service – Washington, Indiana

Lakes Gas
Blackhawk Propane – South Beloit, Illinois
Hohl’s Propane – Baraboo, Wisconsin
Van’s Gas Service – Kenosha, Wisconsin

Lettermen’s Energy Holdings
Victory Propane – Northbrook, Illinois
Undisclosed

LT Corp.
Kryton Engineered Metals – Cedar Falls, Iowa

Meritum Energy Holdings
Boye’s Gas Service – Fort Lauderdale, Florida

MFA Oil Co.
Blue Flame Gas – Marthasville, Missouri
D&D Oil Co. – Wheaton, Missouri

Otodata
AIUT, LPG branch – Gliwice, Poland

Paraco Gas
Chickos Energy Services – Milford, Connecticut
Great White Propane – Riverhead, New York
Suburban Propane, forklift – metro New York region
Superior Propane, barbecue – Hudson Valley region
Thuesen Mechanical – Mount Kisco, New York

PDI Technologies
Blue Cow Software – Middleton, Massachusetts

Phoenix Park Energy Marketing LLC
Interstate Fuel & Energy LLC, propane terminal – Rush City, Minnesota

Premier Companies
Allied Readygas – Indianapolis
Terhune Propane – Milroy, Indiana

Rural Computer Consultants
Propane Management Systems – Paducah, Kentucky

Sail Energy
Klebe Fuel Co. – Winsted, Connecticut
Tower Energy – Plainville, Connecticut

Santmyer Companies
Cole Distributing – Shelby, Ohio

Sapp Bros. Petroleum Inc.
Home Oil Services – Blue Rapids, Kansas

Sharp Energy
Davenport Energy, assets – Siler City, North Carolina

Southern Quality Propane
Akins Petroleum, propane division – Valdosta, Georgia

Suburban Propane Partners
Northern New Mexico Gas – Angel Fire, New Mexico

Suburban Propane Partners, Suburban Renewable Energy subsidiary
Equilibrium Capital Group, renewable natural gas assets

Superior Plus Corp.
Acme Propane – Lincoln, California
Denton Gas – Union, South Carolina
McRobert Fuels – Strathroy, Ontario, Canada
MountainFlame Propane – Auberry, California
Reed Oil – Hertford, North Carolina
Reid Gas – Rock Hill, South Carolina
Salem Oil & Gas – Salem, Ohio

Targa Resources Corp.
Grand Prix NGL Pipeline, full ownership

ThompsonGas
Gas Taxi Inc. – Haines City, Florida
Gilbert Propane – Deland, Florida
Hogan Gas – West Palm Beach, Florida
Reliance Propane Service – Oroville, California
Thompson’s Gas Inc. – Belleville, Illinois

Tri Gas & Oil Co. Inc.
Pep-Up Inc. – Georgetown, Delaware

Undisclosed
Walker County LP Gas – Huntsville and Madisonville, Texas

Westmor Industries
Metzler Bros. Tank Truck & Trailer – Duncansville, Pennsylvania

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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