Two former JP Energy Partners executives recently founded Meritum Energy Holdings to acquire, own and operate propane and natural gas liquids (NGL)-related assets.
Christopher Hill, president and CEO, and Rob Chalmers, executive vice president and CFO, founded Meritum. Chalmers spent the previous four-and-a-half years at JP Energy Partners with Hill building its NGL segment and developing Pinnacle Propane, a company that sold 60 million gallons of propane in 2014.
“We are well-capitalized and look forward to developing the partnership,” Chalmers says of Meritum.