NEW YORK — (Feb. 3, 2026) — Reliable Energy Partners (Reliable), a growth platform targeting residential and commercial customers in the highly fragmented propane distribution sector and backed by Soundcore Capital Partners, LP (Soundcore), has announced its acquisition of Irvington Gas, LLC (Irvington).
Irvington, headquartered in Irvington, Kentucky, is a bulk-propane distributor providing services to residential and commercial customers in and around nine counties surrounding the Louisville, Kentucky, metro area. With this acquisition, Reliable extends its operational footprint to six states and will continue executing on its strategy of partnering with operators in high-potential metropolitan areas across the Northeast, Southeast, Mid-Atlantic, and Midwest regions.
“Irvington has earned a distinguished reputation over three generations for providing best-in-class services with a steadfast commitment to safety and reliability,” stated Sean Daugherty, CEO of Reliable. “Welcoming Irvington adds one of the region’s most esteemed companies into the Reliable family and enhances the entire portfolio, helping position the entire company for growth. Most importantly, we are honored to welcome Irvington’s dedicated and talented employees, whose expertise and deep roots in the community are invaluable. We look forward to building on the remarkable foundation established by the Kasey family over the past 90 years.”
"We launched Reliable to be a partner of choice and caretaker of strong community businesses established by owner-operators contemplating a business transition," said Michael Khutorsky, senior managing director at Soundcore. "Irvington marks our fifth acquisition since forming the Reliable platform in November 2025 and underscores sellers’ confidence in our strategy of building a best-in-class, multi-regional propane distribution platform."
Reliable’s growth strategy combines organic expansion with selective acquisitions to create multi-regional propane distribution platform. Terms of the transaction were not disclosed.
Soundcore Capital Partners was founded in 2015 by Jarrett Turner and is based in New York, New York. Soundcore is a thesis-driven private equity firm that specializes in buy-and-build investments in the lower middle-market that are headquartered in the United States and Canada. Soundcore has completed 113 acquisitions across fourteen platforms and focuses primarily on business & outsourced services, industrial services, specialty manufacturing, and value-added distribution sectors.
