When faced with the challenge that was 2020, propane marketers surveyed for this year’s LP Gas Top Propane Retailers rose to the occasion – and, in some cases, rose through the ranks.. After moving up the list for five consecutive years, Energy Distribution Partners (EDP) enters the Top 10 this year.
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Here’s a look at the merger and acquisition activity LP Gas tracked over the past year and one seller’s experience with navigating the acquisition process.
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As the structure of the propane industry transforms, so too must LP Gas’ Top Propane Retailer rankings.. You’ll notice, for instance, that we’ve dropped the Master Limited Partnerships (MLP) category in favor of simply “Majors” to highlight the top three propane retailers: AmeriGas Propane, Ferrellgas and Suburban Propane, respectively.
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Meritum Energy Holdings, LP Announces Acquisition of Pico Petroleum and Closing of Limited Partnership and Capital Raise. Meritum Energy Holdings, LP (“Meritum”) announced today that it has completed the acquisition of Pico Petroleum, a propane and fuel distribution business.
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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.