ThompsonGas acquires Como Oil and Propane

November 11, 2015 By    

ThompsonGas acquired the assets of Como Oil and Propane, based in Duluth, Minn.

The acquisition will expand the Maryland-based company’s footprint into Minnesota and Wisconsin. According to ThompsonGas, it will now serve more than 87,000 customers in 14 states as a result of the acquisition.

“We’ve wanted a presence in the upper Midwest for a while,” says George Koloroutis, executive vice president and COO of ThompsonGas. “[Como] is quite a large, well-run business. We’re eager to get into the Wisconsin and Minnesota area.”

The Como brand will not disappear with the acquisition. Koloroutis says the company plans to add “A ThompsonGas company” tagline under the Como banner.

“Typically we rebrand the companies we acquire,” he says. “But we’re stepping outside our typical footprint with Como. The company has high customer approval in its area, so we will keep the branding the same.”

ThompsonGas has made a number of acquisitions in the past two years. Most recently, the company acquired Apex Propane Services Inc. in January and Tri State Gas and Appliance last November. Randy Thompson, CEO of ThompsonGas, says the company plans to continue to acquire propane and oil providers.

“The Como acquisition will provide an immediate contribution to our business, and we are very proud to welcome their customers and employees to the ThompsonGas family,” Thompson says.

Both ThompsonGas and Como placed on LP Gas’ Top 50 propane retailers list. Last winter, ThompsonGas ranked 16th, selling about 32 million gallons of propane in 2014. The retailer had 67,000 customers and 300 employees at the time of the rankings. Como ranked 30th, selling about 14 million gallons of propane in 2014. The retailer had more than 21,000 customers and 94 employees.

LP Gas file photo courtesy of Como Oil and Propane

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