M&A Deal Summary

ThompsonGas Acquires Gilbert Propane

On January 30, 2023, ThompsonGas acquired energy services and equipment company Gilbert Propane

Acquisition Highlights
  • This is ThompsonGas’ 5th transaction in the Energy Services and Equipment sector.
  • This is ThompsonGas’ 5th transaction in the United States.
  • This is ThompsonGas’ 1st transaction in Florida.

M&A Deal Summary

Date 2023-01-30
Target Gilbert Propane
Sector Energy Services and Equipment
Buyer(s) ThompsonGas
Deal Type Add-on Acquisition

Target

Gilbert Propane

Deland, Florida, United States
Gilbert Propane is a provider of propane to residential and commercial customers in Florida. Gilbert Propane is based in Leland, Florida.

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Buyer(S) 1

Buyer

ThompsonGas

Frederick, Maryland, United States

Category Company
Founded 1946
Sector Energy Services and Equipment
DESCRIPTION

ThompsonGas is a collection of various propane delivery service companies, distributing propane to residential and commercial customers across the East, Southeast, West and Midwest US. ThompsonGas is based in Frederick, Maryland.


DEAL STATS #
Overall 5 of 7
Sector (Energy Services and Equipment) 5 of 7
Type (Add-on Acquisition) 5 of 7
State (Florida) 1 of 2
Country (United States) 5 of 7
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Timberline Gas

Belgrade, Montana, United States

Timberline Gas is a holding company of propane distribution assets consisting of Madison River Propane of Belgrade, Montana; Propane Services Innovated of Butte, Montana; Salt River Propane of Thayne, Wyoming; and Blue Flame Propane of Williston, North Dakota. Timberline Gas is based in Belgrade, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 South Florida Gas

Fort Myers, Florida, United States

South Florida Gas is a provider of propane to a variety of customers throughout Southwest Florida, including commercial, new construction, remodeling, and residential customers. South Florida Gas is based in Fort Myers, Florida.

Buy -