Legacy Energy Consulting has announced that it recently facilitated the successful sale of PacWest Propane in Covington, Washington, to an undisclosed buyer.
PacWest Propane was started by "Ole" Carson Drageland, Derrick Grice and Frank Dollar and has serviced central Washington since 2013.
PacWest Propane is the first completed deal for Legacy Energy Consulting in 2023, and its thirteenth since December of 2020.
The PacWest Propane team issued the following statement:
"We started out calling Chad and Tyler at Legacy Energy Consulting for a business appraisal. That soon led to 17 potential buyers and initiated nondisclosure agreements. Mind you, this was in the middle of the heating season and we had a business partner out for severe health issues.
Buckle up; it's quite a journey. Knowing what we know now, we would recommend that no one attempt this on their own. Legacy is well worth every penny spent in marketing your business and filtering all communications with the potential Buyers. Chad really kept us grounded and helped with the overwhelming process of document procurement, due diligence etc. His background in the industry, coupled with past experiences and inner workings of deals of all sizes is truly invaluable. ... If memory serves correctly, Chad was working two much larger deals after we started the process and we always felt like we were his only client at the time.
Chad & Tyler connected us with the right buyer that was cohesive with regards to employee satisfaction, customer care and safety. Obviously, any family business is close-knit and has emotions tied to employees and customers, so this was paramount to us. All in all, we handed the keys to our business over to a buyer, that realized and appreciated the value in what we had created top to bottom and that is a great feeling in the end. We have since referred Legacy to two other potential clients, because of our amazing experience together. ..." – Grice and Pacwest Propane Families