EDP acquires Green Propane and Summit Propane
August 8, 2024 By Chris Markham
EDP’s acquisition of Green Propane and Summit Propane is the company’s 40th acquisition and strengthens its footprint in southeastern Pennsylvania.
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EDP’s acquisition of Green Propane and Summit Propane is the company’s 40th acquisition and strengthens its footprint in southeastern Pennsylvania.
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Here are some of our biggest observations about the propane industry from the first half of this year.
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Dover acquired Marshall Excelsior Co. (MEC) for $395 million in cash. MEC will become part of the OPW Global operating unit.
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While consolidation in the propane industry can bring several advantages, it poses challenges that businesses and consumers should understand.
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Morgan Fuels, based in Sioux Lookout, Ontario, Canada, acquired the Thunder Bay, Ontario, Canada, location of Propane Energy Solutions.
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SOS Xtreme Comfort, headquartered in Tuxedo Park, New York, acquired the propane, distillates and HVAC service business of M. Spiegel & Sons Oil.
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Southern Quality Propane, based in Thomasville, Georgia, acquired the propane operating assets of the Marianna, Florida, propane branch of Florida Public Utilities.
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Spicer Propane of Groton, Connecticut, purchased Wrightington Gas of Kingston, Massachusetts. Blue Peak Resources advised Wrightington Gas on the sale.
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Knight Propane is Breckenridge Capital’s first foray into the delivered fuels space.
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Manchester Tank is acquiring the business assets related to the tank refurbishment and tank recertification business of Ditech Testing, a Canadian company.
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