Sharp Energy purchases J.T. Lee and Son’s

Sharp Energy, a subsidiary of Chesapeake Utilities Corp., acquired the propane operating assets of J.T. Lee and Son’s in Cape Fear, North Carolina.

Through this acquisition, Sharp Energy expands its customer base in North Carolina, including adding about 3,000 customers and distribution of about 800,000 gallons of propane annually. The transaction also includes a bulk plant with 60,000 gallons of propane storage, enabling the company to realize efficiencies with additional storage capacity and overlapping delivery territories.

“We are excited to welcome J.T. Lee and Son’s customers and employees into the Sharp Energy family,” says Andy Hesson, vice president of Sharp Energy. “J.T. Lee, which has served customers for more than 60 years, will increase our North Carolina footprint and provide cost savings and other synergistic benefits as a result of the expanded Wilmington service area.”

Sharp Energy distributes propane to residential, commercial and industrial customers in Pennsylvania, Maryland, Delaware, Virginia, North Carolina, South Carolina and Florida and maintains local offices in the areas served to better support customers and communities.

Sharp Energy is a partner of Alliance AutoGas, a national network of companies that have joined together to deliver a comprehensive alternative fueling solution, including EPA-certified propane autogas vehicle conversions, on-site fueling infrastructure, fuel supply, safety and operational training, and ongoing technical support.

Chesapeake Utilities Corp. is a diversified energy delivery company listed on the New York Stock Exchange. It offers natural gas transmission and distribution, electricity generation and distribution, propane distribution, mobile compressed natural gas utility services and solutions, and other businesses.

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