
Propane USA
Stage
Acquired | AcquiredValuation
$0000Missing: Propane USA's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Propane USA's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest Propane USA News
Dec 16, 2015
WHIPPANY, N.J., Dec. 15, 2015 /satPRnews.com/ -- Suburban Propane Partners, L.P. (NYSE: SPH ), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that it has acquired the assets of Propane USA, a propane marketer headquartered in Margate, Florida, and its affiliate companies, for $45.0 million. The purchase price was funded entirely from cash on hand. Propane USA will add approximately 7,600 residential and commercial customers and approximately 4.7 million gallons of retail propane sales to the Partnership's operations in Florida. In making the announcement, Chief Development Officer Mark Wienberg said, "The acquisition of Propane USA demonstrates our commitment to investing in external growth opportunities in strategic markets. Propane USA is a very well-run business with a solid track record that will expand our service territory on the east and west coasts of southern Florida. This acquisition will be immediately accretive and, once we apply our operating model, will result in additional synergy opportunities. We are excited to welcome Propane USA's customers to Suburban Propane and look forward to providing them with continued excellence in customer service. " Suburban Propane Partners, L.P. is a publicly-traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of approximately 1.1 million residential, commercial, industrial and agricultural customers through 700 locations in 41 states. Source: PrNewsWire All
Propane USA Frequently Asked Questions (FAQ)
Where is Propane USA's headquarters?
Propane USA's headquarters is located at 1900 Banks Road, Margate.
What is Propane USA's latest funding round?
Propane USA's latest funding round is Acquired.
Who are the investors of Propane USA?
Investors of Propane USA include Suburban Propane Partners.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.