The report, published by Matrix Capital Markets Group and contributing industry expert Randy Doyle, explores questions about propane industry consolidation.
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Arcosa Inc., a provider of infrastructure-related products and solutions, agreed to sell its storage tanks business to Black Diamond Capital Management for $275 million in cash.
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Mopeka Products, a provider of sonar tank monitoring technology, signed a definitive agreement to acquire Sonariot. Together, they’ll operate as MopekaIOT.
Read More Energy Distribution Partners acquired Liberty Propane and Meadows Petroleum of Ottsville, Pennsylvania, and Georgetown, Delaware.
Read More MFA Oil Co. purchased the propane and refined fuel operations of Griffin Oil & Propane, an independent retailer based in southeast Missouri.
Read More Holtzman Propane of Mt. Jackson, Virginia, acquired the assets of Bruce’s Propane of Levittown, Pennsylvania.
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Kovacs has spent more than 20 years in the retail propane and delivered fuels industry.
Read More Lakes Gas, based in Wyoming, Minnesota, acquired the propane and refined fuels delivery business of Foss-Johnson Oil, based in Walcott, North Dakota.
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TerraVest Industries Inc. acquired all of the issued and outstanding shares of Mississippi Tank and Manufacturing Co.
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Suburban Propane Partners purchased a 25 percent equity stake in Independence Hydrogen, a veteran-owned and -operated supplier of gaseous hydrogen solutions, for $30 million.
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