Southern Quality Propane buys Florida Public Utilities branch

Southern Quality Propane, based in Thomasville, Georgia, acquired the propane operating assets of the Marianna, Florida, propane branch of Florida Public Utilities.

Florida Public Utilities’ propane division serves more than 19,000 customers in northeast, northwest, central and southern Florida. The Marianna branch sells and delivers propane to residential, commercial and wholesale customers in Jackson, Calhoun, Gadsden, Washington, Liberty, Bay and Gulf counties.

“The transition to the new ownership will be seamless as our organizations share the same values of outstanding customer service for our loyal customers,” says Thad Dixon, director of business development at Florida Public Utilities.

Southern Quality Propane serves customers in south Georgia and north Florida with residential, agricultural and commercial/industrial propane. It offers delivery service, automatic fill-ups, inspections, maintenance contracts and other services.

Southern Quality Propane says it is committed to providing a seamless transition for the customers in this region.

“We are thrilled to welcome the Marianna propane team from Florida Public Utilities into the Southern Quality Propane family,” says Brent Henson, president of Southern Quality Propane. “We’re a local, in-state propane service provider. Our region started small, and we’ve expanded our services and territory as we acquired other smaller propane businesses to protect independent propane in our area. We know our customers value local providers and the type of service they provide. Florida Public Utilities has built an excellent reputation over the past decade, and we’re excited to continue their legacy of small-town customer service augmented by the power of our resources. Like Florida Public Utilities, we value community involvement and pouring back into the communities we serve through events and charitable giving, and we look forward to making a strong impact on the communities served by the Marianna propane business.”

Cetane Associates served as the sole arranger and financial adviser to Florida Public Utilities. 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 Joe Rosengrant, Barrett Conway, Duncan McMurchie and Dalton Brooks managed the transaction.

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