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Malzahn Gas Service sells to undisclosed buyer

February 17, 2021 By    

An undisclosed buyer purchased Malzahn Gas Service of Sparrow Bush, New York.

Founded in 1967 by Vince Malzahn and his wife, Sally, Malzahn Gas Service is a residential-based propane company that services New York, New Jersey and Pennsylvania. The Malzahn family has been involved in the propane industry for more than 53 years. Vince and Sally’s son John Malzahn will stay on with the new company.

“I am very proud to stay on and continue to provide our customers with the first-rate care and attention they expect and deserve,” he says.

Merger and acquisitions consulting firm Blue Peak Resources, an adviser to Malzahn Gas, served as the facilitator and negotiator. The team provided the financial valuations, prepared the business offering package to potential buyers, and assisted in the negotiations and final deal terms.

“I have known Vince and Sally Malzahn for over 15 years and was thrilled and honored when they asked Blue Peak to represent them,” says John Armentano, partner of Blue Peak Resources. “We take great pride in helping our clients reach their personal and business goals.”

Blue Peak Resources is a full-service consulting firm specializing in propane and fuel oil mergers and acquisitions. Armentano and Mike Gioffre began this new venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value and continue their legacy for generations.

Featured image: designer491/iStock / Getty Images Plus/Getty Images

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