2023-24 merger and acquisition activity

May 16, 2024 By    
Bonds form in the tank shop and among propane industry companies. (Photo courtesy of Westmor Industries)

Bonds form in the tank shop and among propane industry companies. (Photo courtesy of Westmor Industries)

Here are the deals that LP Gas tracked over the past 12 months, with acquiring companies in bold. Note: Some companies chose not to disclose acquired companies.


Blossman Gas – Ocean Springs, Mississippi
Comeback Propane – Conway, South Carolina
Loyal Gas – Covington, Georgia
Marshville Propane – Marshville, North Carolina
NC Propane – Burlington, North Carolina
North Georgia Rail Terminal – Mt. Airy, Georgia

Ceres Solutions Cooperative – Crawfordsville, Indiana and Co-Alliance Cooperative – Decatur, Indiana
Form Keystone Cooperative – Indianapolis

Control Devices – Fenton, Missouri
Gilmore – Houston

Daigle Oil – Fort Kent, Maine
Mapleton Oil’s propane assets – Mapleton, Maine

DCC Propane – Lisle, Illinois
San Isabel Services Propane – Pueblo West, Colorado

Dead River Co. – South Portland, Maine
Augusta Fuel – Augusta, Maine
Bourne’s Energy – Morrisville, Vermont
Roby’s Propane Gas – West Wareham, Massachusetts

Dooley’s Petroleum – Willmar, Minnesota
Sheehan’s Gas – Bird Island, Minnesota

Eastern Propane – Rochester, New Hampshire
Blue Flame Gas – Rangeley, Maine

EDP – Chicago
Lykins Energy Solutions – Milford, Ohio
P. Gagnon & Son – South Berwick, Maine
Queen City Propane – Amelia, Ohio

Empire Group – Belleville, Illinois
Canadian Heating Products – Langley, British Columbia, Canada

Energy Transfer – Dallas
Crestwood Equity Partners – Houston

Ferrellgas – Overland Park, Kansas
Eastern Sierra Propane – Bishop, California

Firmament – New York
Invested in Matador Gas

GasTec – Ivyland, Pennsylvania
NorthEast Propane – Philadelphia

Haffner’s – Lawrence, Massachusetts
Concord Oil – Concord, Massachusetts
Hartmann Oil & Propane – Exeter, New Hampshire
Huhtala Oil & Propane – East Templeton, Massachusetts

Lakes Gas – Wyoming, Minnesota
Northeast Oil – Rosholt, South Dakota

Lettermen’s Energy – Overland Park, Kansas
Central Propane – northeast Alabama/south-central Tennessee
Countrystyle Propane –  Oconto Falls, Wisconsin
Hub City Propane – Union City, Indiana
Mountain Country Propane – Sparta, Missouri
Scotty’s Propane – Cloudcroft, New Mexico
WIN Propane – Wever, Iowa

LT Corp. – Cleveland, Mississippi
Tate Metalworks Inc. – Spartanburg, South Carolina

MFA Oil – Columbia, Missouri
Gygr-Gas – Boonville, Missouri

Palmdale Oil – Fort Pierce, Florida
Como Oil & Propane – Vero Beach, Florida

Parker Oil – South Hill, Virginia
Bobby Taylor Oil and T&S Transport – Fayetteville, North Carolina
Thomas Bros. Oil & Propane – Blackstone, Virginia

Rhoads Energy – Lancaster, Pennsylvania
Solanco Propane and Heating – Peach Bottom, Pennsylvania

Rochester Sensors – Dallas
Tekelek – Shannon, Ireland

Sail Energy – Portsmouth, New Hampshire
Blanchard’s Cash Fuel – Turner, Maine

Sharp Energy – Dover, Delaware
J.T. Lee and Son’s – Cape Fear, North Carolina

Southern Quality Propane – Thomasville, Georgia
Morris Propane – Monticello, Florida

Star Group – Stamford, Connecticut
Blue Light Energy – Bridgehampton, New York
Ideal Bottle Gas – Bellport, New York
W.F. McCoy Petroleum Products – Bridgehampton, New York

Suburban Propane – Whippany, New Jersey
PacWest Propane – Covington, Washington

TerraVest Industries – Toronto
Advance Engineered Products – Regina, Saskatchewan, Canada
Highland Tank – Stoystown, Pennsylvania

ThompsonGas – Frederick, Maryland
Harris Propane – Salem, New Jersey
South Florida Gas – Fort Myers, Florida

Tiger Fuel – Charlottesville, Virginia
Anderson Oil & Propane – Fredericksburg, Virginia

Valley Wide Cooperative – Nampa, Idaho
Salt River Propane – Thayne, Wyoming

Van Etten Oil – Monticello, New York
Evergreen Fuels – Montgomery, New York LPG


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

To report company acquisitions, email brichesson@northcoastmedia.net

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