Acquisitions aplenty for big players
October 1, 2007 By LP Gas
Geographic location, profitability and operational/marketing practices set the stage for the interest buyers will have in your business.
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Geographic location, profitability and operational/marketing practices set the stage for the interest buyers will have in your business.
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The early February deep-freeze that had propane sales across the country jumping should be a godsend to marketers squeezed by the lowest weather-driven propane demand in the last four years.
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Whenever and wherever trouble strikes, people in the propane industry jump into their trucks and rush in to help. For propane marketers at the center of the disaster, however, the financial impact can linger for years.
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Another year is in the books and AmeriGas has comfortably retained its top spot in our annual LP Gas Top 50 retailer rankings.
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Even with the major national firms slowing the pace of acquisitions, propane dealers nationwide can expect continuing consolidation as independent marketers struggle to remain financially competitive.
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Drifting high above the treetops, pilot Travis Vencel released a five-second burst of propane-fueled flame, and the hot-air balloon gently lifted a little higher. As the red, green and black Jasper Engines & Transmissions balloon and its three passengers floated across a busy road, traffic crawled and drivers pointed.
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This month, two California men face federal charges for plotting to blow up one of the nation’s largest propane storage facilities.
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If you build it, they will come. At least that’s what happened to one national propane marketer’s major supply point for California’s Sacramento and San Joaquin valleys.
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Years of hype about "wave of the future" technology that could double propane use in the average home have failed to ignite the enthusiasm of most propane marketers
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When Dennis Dukes of Cornerstone Propane first heard about the Sept. 11 terrorist attacks, he abandoned a business trip and headed back to his office. Conscious of the potential threat of propane in the wrong hands, Dukes hastily drafted a memo to employees, reminding them of emergency-response plans and urging them to double-check the security of storage areas.
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