ThompsonGas is…
- Family owned and operated since 1946
- 18th largest U.S. retail propane supplier
- Serves 190,000 customers in 11 states
- Successful acquirer of 22 propane businesses throughout the Eastern U.S.
- Focused on residential (84%), industrial/commercial (60%) and agriculture/other (40%)
- Our centralized supply, transportation and logistics business…
- Consolidates demand/buyer power
- Lowers costs, expands margins and reduces risk
- We sold 30MM gallons of propane in FY2013… ThompsonGas Distribution has 1.8mm gallons sold/19 systems
- ThompsonGas owns 71.6% of tanks in the Smokies, North East and Alabama
Trust your company to the ThompsonGas acquisitions team.
- Purchased 16 propane companies since FY2006
- Invested approximately $60 million in retail propane since FY2006
- Long-term goal to invest $10mm-$20mm per year in retail propane companies
- Targeted EBIDTA acquisitions of $67.3 million
- New partners will gain…
- Cash at Close – a portion of the total equity value of the transaction
- Cash Distributions – pro rata share of ongoing distributable cash flow every quarter
- Proceeds from Potential IPO – potential net cash proceeds from public offering of MLP
- Limited Partnership Interest – equity value of shares owned through limited partnership interest in MLP
- Management can earn up to 20% of total profits
Our acquisition strategy
- Expands residential, commercial and metered customers
- Preserves high tank control with customers
- Increases the number of customers on “level pay” pricing plans
Our acquisition criteria
- Immediately accretive to ThompsonGas cash flow
- Propane markets with high percentage of tank control
Transaction originators are veteran industry professionals
- 60 years of experience
- Leadership roles in NPGA and PERC
Fill out the form below and someone will get in contact with you as soon as possible about acquisitions!