2025-26 merger and acquisition activity

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.

Alliance Energy Services – North Kansas City, Missouri

• NGL Energy Partners’ 18 propane terminals – Tulsa, Oklahoma

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American Welding & Gas – Raleigh, North Carolina

• First Call Propane – Roosevelt, Utah

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Aurora Capital Partners – Los Angeles

• Anova – New Providence, New Jersey

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Blossman Gas – Ocean Springs, Mississippi

• R.D. White & Sons – Shallotte, North Carolina
• Southwest Propane – Pennington Gap, Virginia

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Blue Flame Gas – Hoosick Falls, New York

• Proctor Gas – Proctor, Vermont

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Blueox Corp. – Oxford, New York

• Ace-Robbins – Tunkhannock, Pennsylvania

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Citizens Financial Group – Providence, Rhode Island

• Matrix Capital Markets Group – Richmond, Virginia

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Crystal Flash – Grand Rapids, Michigan

• Caywood Propane – Albion, Michigan

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Dead River Co. – South Portland, Maine

• Consumers Fuel Co. – Belfast, Maine

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East River Energy – Guilford, Connecticut

• Tracey Energy Services – New Haven, Connecticut

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Eastern Propane & Oil – Rochester, New Hampshire

• J.P. Carroll Fuel Co. – Limerick, Maine
• Waltz & Sons Propane – Buxton, Maine

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Edge Energy Group/Star Tex Propane – Waco, Texas

• Farmers Propane – Hamilton and Dublin, Texas
• Smith & Smith Propane – Killeen, Texas

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EDP – Chicago

• Hocon Gas – Shelton, Connecticut
• Preferred Propane – Vernon, Connecticut

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Energy Partners – Missoula, Montana

• 406 Propane – Missoula, Montana

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Guardian Propane Partners – Boston

• F.A. Days and Sons – Provincetown, Massachusetts

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Evermore LTH – Bellefontaine, Ohio

• Peak Propane – Bellefontaine, Ohio

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Holston Gases – Knoxville, Tennessee

• Combustion Services’ propane business – McEwen, Tennessee

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Isle Gas – Honolulu, Hawaii

• AmeriGas Propane assets in Hawaii

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Keyera – Calgary, Alberta, Canada

• Plains’ Canadian NGL business, plus select U.S. assets

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Keystone Cooperative – Indianapolis

• Correll’s LP Gas – Linton, Indiana

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Lakes Gas – Wyoming, Minnesota

• Superior Gas Service – Marshfield, Wisconsin

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LT Corp. – Cleveland, Mississippi

• Commercial Metal Forming – Youngstown, Ohio
• Tanco Engineering – Loveland, Colorado

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Meritum Energy Holdings – San Antonio

• Cleveland Petroleum – Cleveland, Oklahoma
• Jacobs Gas – Fort Myers, Florida
• McAdams Propane and Midstream Transportation merger – Center, Texas

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Neill Gas – Vicksburg, Mississippi

• Acme Propane Gas of Highland Home and Montgomery, Alabama

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Palmdale Propane – Palm Beach Gardens, Florida

• Gatorgas – Old Town, Florida

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Paraco Gas – Rye Brook, New York

• North Shore Bottled Gas – St. James, New York

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Petroleum Transport Co. Inc. – Pilot Mountain, North Carolina

• Pope Transport – Mt. Olive, North Carolina

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Quality Propane – Clinton, Connecticut

• Three Eleven LLC

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Ray Murray Inc. – Lee, Massachusetts

• Teeco Products – Irvine, California

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Reliable Energy Partners – Tampa, Florida

• Economy Propane – Baltimore
• Florida Lift Gas – Tampa and Orlando, Florida
• Gateway Propane – St. Louis
• Irvington Gas – Irvington, Kentucky
• Nashville Propane Exchange – La Vergne, Tennessee

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Revelar Capital – New York

• Lettermen’s Energy – Overland Park, Kansas

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Roberts Energy – Springfield, Massachusetts

• Cota’s Propane Tank Service – based in Grand Isle, Vermont

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Southern Quality Propane – Thomasville, Georgia

• Wood’s Propane – Jasper, Florida

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Sunoco Retail LLC – Dallas

• Jernigan Oil’s convenience retail division – Ahoskie, North Carolina

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Superior Fuel Co. – Superior, Wisconsin

• Hayward Propane – Hayward, Wisconsin
• Kotaco Fuels’ Park Rapids, Minnesota, division

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Targa Resources – Houston

• Stakeholder Midstream – San Antonio

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TerraVest Industries – Vegreville, Alberta, Canada

• KBK Industries – Houston

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Thermotane Propane – Sanford, Florida

• Matchett Propane – Interlachen, Florida

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Townsend Energy – Danvers, Massachusetts

• Alvin Hollis Co. – South Weymouth, Massachusetts
• Bartlett & Steadman – Marblehead, Massachusetts

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Tremcar – Saint-Jean-sur-Richelieu, Quebec, Canada

• Pacific Truck Tank – Sacramento, California

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Undisclosed buyers

• Hino Gas – Harlingen, Texas
• Pecos Propane – Pecos, New Mexico
• Phelan Gas – Phelan, California
• Silver Valley Propane – Apple Valley, California

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Valley Wide Cooperative – Nampa, Idaho

• ThompsonGas/Propane Services Innovated operations – Victor, Montana

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Wilson Oil & Propane – Wallingford, Pennsylvania

• Harris Comfort – Newtown, Pennsylvania

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Worthington Enterprises – Columbus, Ohio

• Hydrostat’s propane tank distribution and refurbishment business – Rice, Minnesota

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Sources: LP Gas research; B&A Energy Partners; Blue Peak Resources; Cetane Associates; Generational Group; Gray, Gray & Gray; Legacy Energy Consulting; Matrix Capital Markets Group; Notch Capital; and Tounge Associates.

To report company acquisitions, email brichesson@northcoastmedia.net and/or cmarkham@northcoastmedia.net.

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