2024-25 merger and acquisition activity

Here are the deals that LP Gas tracked over the past 12 months, with acquiring companies in bold.

Note: Some companies chose not to disclose acquired companies.

Agtegra Cooperative – Aberdeen, South Dakota

• UPI Petroleum assets – Milbank, South Dakota

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Allgas Inc. – Gardendale, Alabama

• Mor-Gas Inc.’s propane assets – Pisgah, Alabama

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Avenir Energy Ltd. – Devizes, Wiltshire, United Kingdom

• Parkland Corp.’s Canadian commercial propane business – Calgary, Alberta, Canada

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Blossman Gas – Ocean Springs, Mississippi

• Sneads Ferry LP Gas in Sneads Ferry, North Carolina
• Tri-Co Propane locations in Texas

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Breckenridge Capital – Weatherford, Texas

• Knight Propane – Weatherford, Texas

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Combined Energy Services – Monticello, New York

• Freedom Propane – Red Hook, New York

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DCC Propane – Lisle, Illinois

• The Propane Store – Angier, North Carolina

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Dover – Downers Grove, Illinois

• Marshall Excelsior – Marshall, Michigan

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EDP – Chicago

• D&D Gas Co. – Jacksonville, Florida
• Green Propane and Summit Propane – Hatfield, Pennsylvania
• Midwest Bottle Gas Distributors – Highland Heights, Kentucky
• Sullivan Oil & Propane – Bath, Pennsylvania

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Empire Gas – San Juan, Puerto Rico

• 5 acquisitions in 2024

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Hatcher Insurance Group – Orlando, Florida

• Jamerson-McLean Corp. – Oviedo, Florida

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Holston Gases – Knoxville, Tennessee

• Combustion Services’ propane operations – McEwen, Tennessee

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Josh and Heidi Schmoll

• Waquie Propane – Jemez Pueblo, New Mexico

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Lakes Gas – Wyoming, Minnesota

• Curtis Oil – Hermanton, Minnesota
• Naser Propane – Kingsford, Michigan
• Nutrien’s propane section – Pipestone, Minnesota

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Lettermen’s Energy – Overland Park, Kansas

• Arrowhead Propane – Farmington, New Mexico

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M. Spiegel & Sons Oil LLC – Tuxedo Park, New York

• M. Spiegel & Sons Oil Corp.’s propane, distillates and HVAC service business – Tuxedo Park, New York

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Manchester Tank & Equipment – Franklin, Tennessee

• Ditech Testing – Scoudouc, New Brunswick, Canada

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MFA Oil – Columbia, Missouri

• Hamilton Produce’s propane operations – Midland, Texas

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Morgan Fuels – Sioux Lookout, Ontario, Canada

• Propane Energy Solutions location – Thunder Bay, Ontario, Canada

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ONEOK Inc. – Tulsa, Oklahoma

• Natural gas liquids pipelines from Easton Energy – Houston

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Ozarc Gas Equipment & Supply – Cape Girardeau, Missouri

• Forklift assets of Island Energy – Paragould, Arkansas

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Palmdale Oil – Palm Beach Gardens, Florida

• Maassen Oil – Arcadia, Florida

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Paraco Gas – Rye Brook, New York

• Consumers Propane – Woonsocket, Rhode Island

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Phillips 66 – Houston

• EPIC Y-Grade GP LLC and EPIC Y-Grade LP – Robstown, Texas

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ShepGas – Mount Pleasant, South Carolina

• Carolina Gas – Mount Pleasant, South Carolina

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Southern Quality Propane – Thomasville, Georgia

• Florida Public Utilities branch – Marianna, Florida

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Spicer Propane – Groton, Connecticut

• Wrightington Gas – Kingston, Massachusetts

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Star Group – Stamford, Connecticut

• Allen’s Oil & Propane – Vincentown, New Jersey
• Cato Inc.’s home heat and commercial fuels division – Salisbury, Maryland

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Stuck Enterprises – Waynesburg, Pennsylvania

• Barber Oil & Propane – Ebensburg, Pennsylvania

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Suburban Propane – Whippany, New Jersey

• Griffin’s Propane – Silver City, New Mexico
• Shoshone Propane – Pahrump, Nevada
• Undisclosed

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TerraVest Industries – Vegreville, Alberta, Canada

• Engineered Transportation International – Athens, Tennessee
• L.B.T. Inc. – Omaha, Nebraska

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ThompsonGas – Frederick, Maryland

• 2 acquisitions in 2024

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U.S. Energy – Appleton, Wisconsin

• NGL Supply Terminal Co.’s propane storage and terminal assets – Green Bay, Wisconsin

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Worthington Enterprises – Columbus, Ohio

• Hexagon Ragasco – Raufoss, Norway (enters joint venture with Hexagon Composites)

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Sources: LP Gas research; B&A Energy Partners; Blue Peak Resources; Cetane Associates; Gray, Gray & Gray; Legacy Energy Consulting; and Matrix Capital Markets Group.

To report company acquisitions, email brichesson@northcoastmedia.net and/or cmarkham@northcoastmedia.net.

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