M&A Deal Summary

Suburban Propane Acquires Propane USA

On December 15, 2015, Suburban Propane acquired utilities company Propane USA for 45M USD

Acquisition Highlights
  • This is Suburban Propane’s 1st transaction in the Utilities sector.
  • This is Suburban Propane’s largest (disclosed) transaction.
  • This is Suburban Propane’s 2nd transaction in the United States.
  • This is Suburban Propane’s 1st transaction in Florida.

M&A Deal Summary
Date 2015-12-15
Target Propane USA
Sector Utilities
Buyer(s) Suburban Propane
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

Propane USA

Margate, Florida, United States
website
Propane USA is a full-service gas company providing unsurpassed customer service for bulk and bottled gas delivery, repairs and installations.

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Buyer(S) 1

Buyer

Suburban Propane

Whippany, New Jersey, United States

website

Category Company
Founded 1945
Sector Utilities
Employees3,169
Revenue 1.5B USD (2022)
DESCRIPTION

Suburban Propane is a marketer and distributor of energy needs to customers specializing in propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. Suburban Propane was founded in 1945 and is based in Whippany, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Inergy Propane

Kansas City, Missouri, United States

Inergy Propane LLC is a provider of heating, ventilating, and air conditioning services.

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