NEW YORK (Nov. 12, 2025) — Soundcore Capital Partners LP, a New York-based private equity firm, has announced the formation of Reliable Energy Partners, a growth platform targeting residential and commercial customers in the propane distribution sector, through its investment in Florida Lift Gas. FLG is a leading propane distributor, with locations in Tampa and Orlando, specializing in providing forklift cylinder exchange services to a wide range of commercial customers.
Soundcore intends to expand Reliable's footprint in high growth MSAs in the Northeast, Southeast, mid-Atlantic and Midwest while also driving operational best practices in tandem with an unwavering commitment to safety.
"We are thrilled to partner with the team at Florida Lift Gas as part of Reliable's launch," said Michael Khutorsky, senior managing director at Soundcore, leading this platform. "The company brings a legacy of operational excellence and deep customer relationships. Together, under the Reliable platform, we are well-positioned to accelerate growth, expand our geographic footprint and service offerings, and continue delivering exceptional service to our customers."
Reliable will pursue both organic growth and strategic acquisitions to build a multiregional residential and commercial propane distribution platform. The platform is committed to supporting its operating partners with capital, resources and operational expertise to scale their businesses while maintaining the local service and community focus that customers value.
In connection with the formation of Reliable, Soundcore partnered with Sean Daugherty as chief executive officer of the platform. Daugherty has decades of experience in the propane distribution industry with a demonstrated track record of acquiring, integrating and growing residential and commercial propane companies.
Terms of the transaction were not disclosed.
