Reliable Energy Partners acquires Irvington Gas

February 6, 2026 By Brian Richesson 0 Comments

Reliable Energy Partners, a growth platform targeting residential and commercial customers, acquired Irvington Gas, a third-generation, family-owned propane provider serving Kentucky since 1932. Terms of the transaction were not disclosed.

Founded by P.L. Kasey, Irvington Gas has evolved from an early gasoline distributor into a propane and natural gas provider. Brothers Kerry and Kevin Kasey have continued the legacy of hands-on leadership and dependable energy solutions spanning more than 90 years.

“Kerry and I are very pleased with the outcome of the sale,” says Kevin Kasey, co-owner of Irvington Gas. “Letting go of a third-generation family business was not a decision we took lightly, but the process affirmed that it was the right one. Joe Rosengrant and the team at Cetane did an exceptional job guiding us through every step. They helped us find the right business partner, one that aligns with our values, and we are excited to partner with Reliable Energy as they lead our company forward and continue to care for our employees and customers.”

With the acquisition, Reliable extends its operational footprint to six states. The company says it will continue executing on its strategy of partnering with talented operators in high-potential metropolitan areas across the Northeast, Southeast, mid-Atlantic and Midwest regions.

“Irvington has earned a distinguished reputation over three generations for providing best-in-class services with a steadfast commitment to safety and reliability,” says Sean Daugherty, CEO of Reliable. “Welcoming Irvington adds one of the region’s most esteemed companies into the Reliable family and enhances the entire portfolio, helping position the entire company for growth. Most importantly, we are honored to welcome Irvington’s dedicated and talented employees, whose expertise and deep roots in the community are invaluable. We look forward to building on the remarkable foundation established by the Kasey family over the past 90 years.”

Irvington Gas marks Soundcore Capital Partners’ fifth acquisition since forming the Reliable platform in November 2025.

Michael Khutorsky, senior managing director at the private equity firm Soundcore, says, “We launched Reliable to be a partner of choice and caretaker of strong community businesses established by owner-operators contemplating a business transition.”

Cetane Associates served as the sole arranger for Irvington Gas. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms and coordinating the due diligence process. Team members Trey Brasseaux, Fred Lord, Whitney Parsley and Rosengrant managed the transaction.

“Working with Kerry and Kevin was an absolute pleasure,” says Rosengrant, director of business development at Cetane. “Their multigenerational business is exceptional, and helping with a milestone like this is truly rewarding. We wish them all the best as they close this chapter and look forward to the next.”

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