A 10-year history and outlook
June 1, 2006 By LP Gas
A historical perspective on anything of importance is a good thing. It gives one a sense of where they are and where they’ve been, plus it helps prepare for the future.
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A historical perspective on anything of importance is a good thing. It gives one a sense of where they are and where they’ve been, plus it helps prepare for the future.
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Propane retailers hoping to cash out and begin a well-earned retirement need not worry about the impact of current events on the climate of business acquisitions, industry experts say.
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You may lack family members willing to line-up in a succession plan. Or perhaps you’ve had your fill of coping with rocketing insurance costs, government regulations and endless days topped off by late-night telephone calls from empty customers.
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Have you ever considered what it takes to buy or sell a business? For most companies, an acquisition or sale can seem like the people involved are on a secret mission. Everything is classified and confidential, and only a select few are in the loop.
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Assessing the future of acquisitions is like asking someone to predict the weather.
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News that AmeriGas recently purchased former Ohio-based Level Propane brings to an end one of the wildest and most controversial issues that I have witnessed in my six years with this industry.
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I’ve never met anybody in acquisitions who wouldn’t tell at least a little fib, to keep you from knowing what was really happening.
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As the owners/operators of a small retail propane company neared retirement age, they chose to sell their business to a larger regional propane distributor. As is typical in this industry, the owners of the selling company were very active in the day-to-day operations, in the office as well as in deliveries and service to residential customers.
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Amid swirling rumors of an imminent sale to a competing major marketer, the future of CornerStone Propane should be decided in the next few months.
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ll of you have seen or know of a competitor who sold his company in your area. You also likely saw thechanges made and the problems that may have occurred during the transition period. You likely gainedseveral customers during the transition process — just by answering the phone!
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