M&A Deal Summary

Sharp Energy Acquires Western Natural Gas

On October 26, 2020, Sharp Energy acquired utilities company Western Natural Gas

Acquisition Highlights
  • This is Sharp Energy’s 1st transaction in the Utilities sector.
  • This is Sharp Energy’s 2nd transaction in the United States.
  • This is Sharp Energy’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-10-26
Target Western Natural Gas
Sector Utilities
Buyer(s) Sharp Energy
Deal Type Add-on Acquisition

Target

Western Natural Gas

Jacksonville, Florida, United States
Western Natural Gas Co. is providing propane service to the First Coast of Florida. Western Natural Gas provides propane service to approximately 4,000 residential and commercial customers and sells approximately one million gallons of propane throughout four counties in northeast Florida. Western Natural Gas is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Sharp Energy

Georgetown, Delaware, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sharp Energy, Inc. distributes propane to approximately 39,000 residential, commercial and industrial customers in Maryland, Delaware, Virginia, and Pennsylvania. With four rail facilities and over three million gallons of propane storage, Sharp Energy has established a solid supply portfolio. Sharp Energy is a proud partner of Alliance AutoGas, a national network of companies that have joined together to deliver a comprehensive alternative fueling solution including EPA-certified propane AutoGas vehicle conversions, on-site fueling infrastructure, fuel supply, safety, and operational training, and ongoing technical support.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 R.F. Ohl Fuel Oil - Propane Business

Lehighton, Pennsylvania, United States

R.F. Ohl Fuel Oil, Inc. - Propane Business was constructed to better serve propane delivery customers. The company made the decision to sell the propane delivery portion of their services to focus on their home heating oil and service business.

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