Lisle, Ill. (Jan. 7, 2022) — Propane retailer DCC Propane LLC recently increased its footprint in the “Bluegrass State” with the acquisition of Greenwell’s Propane Gas, a propane supplier located 30 miles south of Louisville in Taylorsville, Kentucky.
RYE BROOK, NY. (Jan. 6, 2022) – Paraco Gas has appointed Christina Armentano chief operating officer (COO) of the company. Christina previously served as executive vice president of sales, marketing and mergers and acquisitions.
During the latest mid-month period, posted prices at Mont Belvieu decreased. The posted prices dropped 39.583 cents/gal., from November mid-month price to December mid-month, and the spot prices fell 26.75 cents. Conway, Kansas, postings ended with a 35.326-cent decrease and spots fell 25.875 cents over the month.
Editor's Note: In observance of the federal holiday falling on Thursday, 11/25, BPN did not publish BPN Pricing & Supply that week. As such, this mid-month data does not reflect averages from 11/25.
Valley Forge, Pa. (Jan. 5, 2022) — UGI Corporation announced today that it has entered into a 15-year agreement with California-based technology developer, Vertimass, to utilize their catalytic technology to produce renewable fuels from renewable ethanol in the U.S. and Europe.
Last month, Pinnacle Propane acquired United Propane and Collins Propane, jointly adding 8M gallons of volume in the Dallas-Fort Worth area of North Texas. This acquisition adds 15,000 customers to the Pinnacle portfolio, 52 new employees, and substantially strengthens Pinnacle's leading position in the fast-growing Texas market. In recent years, Pinnacle has completed 14 acquisitions, making it a top-three player in nearly all nine states it operates in.
Synergy Commodity has hired Jordan Manchester as commodity analyst. He holds a bachelor's degree in economics from the University of Connecticut and an MBA from Sacred Heart University. Prior to joining Synergy, Manchester worked at Sprague Operating Resources as a refined commodities analyst.
He has also worked as an analyst for Star Group and a staff accountant at Tech Air. Before entering the energy industry, he he had worked as a construction project manager for WWW MC Construction.
WOOD DALE, Ill. (Dec. 17, 2021) — Power Solutions International Inc., a designer, engineer and manufacturer of emission-certified engines and power systems, announced that after 36 years at PSI, Executive Vice President (EVP) and Company Co-founder Ken Winemaster is retiring from the company effective Dec. 31, 2021. His operational duties will be assumed internally.
DOVER, Del. (Dec. 20, 2021) — Chesapeake Utilities Corporation announced the promotions of six company leaders, effective Jan. 1, 2022:
WASHINGTON (Dec. 22, 2021) — The Consumer Product Safety Commission (CPSC) announces the following recalls are posted in cooperation with the firms listed below.
WASHINGTON (Dec.
Canada's primary underground propane inventories decreased by 9.01% in December, according to Canada Energy Regulator (CER). The total represented a month-to-month decrease of 180.4 Mcm. Compared to a year earlier, stocks were lower, with 485.6 Mcm, or 21.05%, less product on hand.
KENT, Conn. (Dec. 14, 2021) – Cetane Associates LLC is pleased to announce that D. E. Duffey & Sons Inc., a Pennsylvania corporation with offices in Plymouth Meeting, Pennsylvania., has acquired the full-service heating oil delivery business of Sheller Oil Company, a Pennsylvania corporation located in West Chester, Pennsylvania. The transaction on the sale of their heating oil business closed on Dec. 9, 2021. (The Sheller family will continue to own its Sheller Propane business, operating from its current West Chester location.)
The Propane Education & Research Council has issued a call for comment.
Members of the propane industry and the public are invited to comment on this funding request: Docket 23255 — Integrated Marketing Communications for $9,363,000.
Comments on the funding request must be received by 5 p.m. Eastern Standard Time on Jan. 21, 2022, to receive consideration.
TORONTO — Superior Plus Corp. announced it has closed the previously announced acquisition of the assets of a retail propane distribution company operating under the tradename Hopkins Propane.
Superior also announced it has acquired the assets of Mountain Energy Gas, a small distributor based in Waynesville, North Carolina, in a separate transaction.
Trumansburg, N.Y. (Dec. 17, 2021) — At the New York Propane Gas Association Fall 2021 Meeting, Ben Modeen was appointed district director for District 8, which represents the Hudson Valley region. Modeen is an inside sales manager at Paraco Gas
In addition, the following officers and directors were elected for the Propane Education & Research Council of New York (PERC-NY) Board:
Downers Grove, Ill. (Dec. 16, 2021) — Dover today announced that it has completed the acquisition of Acme Cryogenics, Inc. (“Acme”) for $295 million in cash, and that it has entered into a definitive agreement to acquire Engineered Controls International LLC (“RegO”) for $631 million in cash, subject to customary purchase price adjustments. Additionally, the RegO acquisition includes tax step-up benefits with a net present value of approximately $35 million.
DOVER, Del., (Dec. 15, 2021) — Chesapeake Utilities Corporation announced that its propane subsidiary, Sharp Energy, has acquired the propane operating assets of Diversified Energy Company. Through this acquisition, the company expands its operating footprint into North Carolina and South Carolina.
TORONTO — Superior Plus Corp. announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire the assets of a retail propane distribution company based in Michigan, operating under the tradename Hopkins Propane. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions.
TORONTO (Dec. 14, 2021) — Superior Plus Corp. today announced that the corporation was subject to a ransomware incident on Sunday, Dec. 12, 2021, which impacted the corporation’s computer systems.
Upon learning of the incident, Superior took steps to secure its systems and mitigate the impact to the corporation’s data and operations. Independent cybersecurity experts have been retained to assist the corporation in dealing with the matter in accordance with industry best practices.
MONTREAL (Dec. 14, 2021) — Otodata Technologies USA announced that it has acquired Wireless Applications Corporation (WACnGO), a player in the South American and Israeli tank monitoring and delivery markets.
Founded in 2008, Otodata offers remote tank monitoring hardware and software for a variety of industries. Otodata's solutions allow users to monitor their tanks remotely; providing insightful, real-time data to optimize asset and labor productivity in their business.
KENT, Conn. (Dec. 9, 2021) – Cetane Associates LLC has announced that Dead River Company LLC, operating in northern New England, has acquired the full-service oil heat delivery business of Lavallee Oil Inc., a New Hampshire corporation. The transaction closed on Dec. 2, 2021.
WOOD DALE, Ill. (Dec. 06, 2021) — Power Solutions International Inc., a leader in the design, engineering and manufacture of emissions-certified engines and power systems, announced it received non-road certification for its 8.8-liter propane engine from the United States Environmental Protection Agency (EPA) and California Air Resources Board (CARB). The certification allows the propane-powered engine’s use in mobile, non-road applications.
