UGI Corp., the parent company of AmeriGas, acquired a liquefied petroleum gas (LP gas) distribution business in France. UGI Corp.’s French subsidiary, UGI Bordeaux Holding, reached an agreement in principle to acquire Total’s French LP gas distribution business for about $600 million. The deal is expected to close during the first half of 2015. According to a press release, Total’s... read more
Tarantin Industries Inc. promoted William Craig to CEO-CFO. According to a press release, Craig joined Tarantin Industries two years ago as CFO. The company also restructured its executive team. Richard Tarantin now oversees sales and marketing efforts as executive vice president of sales and marketing. Tom Tarantin is now responsible for sourcing new products and developing vendor relationships as executive... read more
President Barack Obama signed the Reliable Home Heating Act into law on June 30, the National Propane Gas Association announced. According to the bill, the Federal Motor Carrier Safety Administration (FMCSA) must accept hours-of-service (HOS) extensions during emergencies declared by a governor for up to two additional 30-day periods – for a total of three periods. The law had allowed only... read more
I recently did an impact study for a client who wanted to know what would happen to the propane industry in the state if a subsidized natural gas expansion plan were put into place by legislation or public policy change. This was an eye-opening and sobering experience for my client and me. Here are a few things that came out... read more
Ferrellgas Partners LP acquired Wise Choice Propane, an independent propane retailer with locations in Mount Vernon and Utica, Ohio. Terms of the transaction were not disclosed. According to a press release, Wise Choice Propane is Ferrellgas’ sixth retail propane acquisition in its fiscal year that began Aug. 1, 2013. read more
Aljets Automotive based in Dorsey, Ill., joined the Alliance AutoGas network as a conversion center. According to a press release, Aljets has been servicing propane-powered vehicles for 35 of the 65 years it’s been in business. read more
