Shoshone Propane begins ‘next chapter’ after sale

An undisclosed buyer has acquired the propane assets related to Shoshone Propane, a full-service propane business located in Pahrump, Nevada, Cetane Associates announced. The transaction closed on May 2.

Owners Susan Sorrells and Robert Haines were brought up in the industry and familiar with the mechanics of operating a propane business. As the population of the Shoshone region began to grow, they saw an opportunity to establish their own propane company in Pahrump. In 1994, Shoshone Propane was born.

The business has since grown with the town of Pahrump, which is now a bedroom community of Las Vegas and has also expanded into the surrounding areas of Amargosa Valley and Beatty. With strong ties to the community, Shoshone Propane has stood as a dominant force in the region and has become renowned for its quality service and commitment to customers, according to Cetane.

“After nearly three decades of serving our community, we could not have hoped for a better outcome for the legacy of Shoshone Propane,” Sorrells says. “We extend our heartfelt gratitude to the entire team at Cetane, particularly Tamera Kovacs. Their unwavering support throughout the entire process was invaluable to us.”

Kovacs, director at Cetane, adds, “Congratulations to Susan and Robby. They built a fantastic company, and it was a pleasure to work with them. We wish them all the best in their next chapter.”

Cetane served as the sole arranger and financial adviser to Shoshone Propane. 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. The transaction was managed by team members Griffin Sharp, Dalton Brooks, Barrett Conway and Kovacs.

Cetane is a provider of financial advisory services to business owners in home services industries. Clients engage Cetane to advise on sales, spinoffs and acquisitions, as well as perform valuation and ad hoc corporate finance assignments.

Featured homepage image courtesy of Cetane Associates