Alliance Energy Services Acquires 18 Propane Terminals from NGL Energy Partners LP

North Kansas City, MO (May 2, 2025) — Alliance Energy Services, a provider of propane supply and logistics solutions, announced the acquisition of 18 propane terminals from NGL Energy Partners. This strategic acquisition expands Alliance Energy Services’ infrastructure, strengthening its ability to serve customers across key markets nationwide.

The newly acquired propane terminals, strategically located across multiple regions, will enhance Alliance Energy Services’ capacity to meet the growing demand for reliable propane supply. By integrating these facilities into its existing network, the company aims to optimize distribution, improve logistics efficiency and provide even greater value to its customers.

“The acquisition of these 18 propane terminals represents a significant milestone for Alliance Energy Services,” said Jason Doyle, CEO of Alliance Energy Services. “This investment underscores our commitment to enhancing supply security, expanding our market reach and delivering best-in-class service to our customers. We also look forward to the new employees joining our team from NGL.”

This transaction aligns with Alliance Energy Services’ long-term growth strategy of expanding its national footprint while maintaining a strong focus on customer-centric solutions. By integrating NGL’s terminal assets into its operations, Alliance Energy Services ensures continued reliability and responsiveness to the propane supply chain.

As part of the transaction, Alliance closed a sustainability-linked term loan financing led by Breakwall Capital LP, an energy-focused asset manager and employee-owned firm committed to supporting the growth and improvement of conventional, renewable and next generation energy companies. Sustainable Fitch provided a second-party opinion on the sustainability-linked term loan and considers the transaction to be aligned with the ICMA Sustainability-Linked Bond Principles and the Loan Market Association, Loan Syndications and Trading Association and Asia Pacific Loan Market Association Sustainability-Linked Loan Principles.