US Propane Purchases Atlanta Propane Exchange & North Carolina Propane Exchange

Palm Beach Gardens, Fla. (Nov. 10, 2026) — Blue Peak Resources, a merger and acquisitions consulting firm specializing in the propane and fuel oil industries, announced the sale of Atlanta Propane Exchange and North Carolina Propane Exchange to US Propane, a portfolio company of Fort Point Capital, a Massachusetts-based private equity firm.

The two companies were joint venture companies of American Cylinder Exchange and Rhine Family business units. “After much thought and consideration, we determined it was the right time to transition these companies to an organization committed to growth and customer service,” said Kendall Rhine, partner at Rhine LLC. “US Propane was selected following a comprehensive review of numerous offers. We appreciate the commitment of our employees and customers and are thankful for the guidance of Blue Peak Resources through this entire process.”

Blue Peak Resources acted as the exclusive sell-side advisor and principal negotiator in the sale of the two companies. The team conducted financial valuations, developed a comprehensive business offering package for prospective buyers and provided full support throughout negotiations to finalize the transaction. “We are proud to have guided both Atlanta Propane Exchange and North Carolina Propane Exchange through this important milestone, delivering a successful result that recognizes the strength of the businesses built while positioning US Propane for continued success,” said Michael Gioffre, partner, Blue Peak Resources.

Terms of the transaction were not disclosed.