M&A Deal Summary

ThompsonGas Acquires Pirkl Gas

On September 9, 2020, ThompsonGas acquired energy services and equipment company Pirkl Gas

Acquisition Highlights
  • This is ThompsonGas’ 3rd transaction in the Energy Services and Equipment sector.
  • This is ThompsonGas’ 3rd transaction in the United States.
  • This is ThompsonGas’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2020-09-09
Target Pirkl Gas
Sector Energy Services and Equipment
Buyer(s) ThompsonGas
Deal Type Add-on Acquisition

Target

Pirkl Gas

Owatonna, Minnesota, United States
Pirkl Gas is a distributor of propane gas serving residential and commercial customers in Minnesota. Pirkl Gas was established in 1959 and is based in Owatonna, Minnesota.

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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 3 of 7
Sector (Energy Services and Equipment) 3 of 7
Type (Add-on Acquisition) 3 of 7
State (Minnesota) 2 of 2
Country (United States) 3 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Midwestern Propane

Belleville, Illinois, United States

Midwestern Propane Gas is an independent propane retailers in the Midwest US, serving residential and commercial customers throughout Illinois and Missouri. Midwestern Propane is based in Belleville, Illinois.

Buy -
FOLLOWING 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.

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