Thoughts & Advice

ThompsonGas has Developed a Successful Propane Acquisition Program.

Over the years, we have grown our company through propane business acquisitions. We provide owners a real, viable solution to transition out of the propane industry. Currently, we’ve made an impact in 18 states and counting. The reason our propane acquisition program has been so successful is quite simple – we care about you, your company and your employees.

Regardless of the specific reasons you’re considering selling your propane business, we understand. When you decide to sell your propane business to ThompsonGas, you can rest assured that we will honor your company’s legacy, protect your employees, and continue to provide the service your customers have grown to expect. We have the ability to systemize operations, bringing other propane businesses into the fold without missing a beat, specifically in regard to employee and customer retention as well as maintaining steady profits.

With ThompsonGas, you have the option of remaining involved with your propane business, or, you can rely on us to handle all business operations and retire from your propane business. If remaining active in the business is a priority, we’ve had great success in specific acquisitions in which the seller has selected to remain with us continuing their career with a true industry leader. We guarantee you will always have an open line of communication with ThompsonGas, not a nameless, faceless executive board.

If you would like to explore your options and find out more about Propane Acquisition Program, please feel free to us anytime.

Dan Carrigan, 913-636-8677 or Jeff Kerns, 301-432-3882

Tips for Preparing Your Propane Company to Sell

In recent years, ThompsonGas has successfully facilitated many propane acquisitions. We understand the acquisition process from the perspective of both the seller and buyer.

The following are some tips you should focus on when preparing to sell your propane company:

  • Make sure your margins are trending upward.
  • Get your company records in exceptional order.
  • Have a monthly volume by customer category.
  • Have your revenues and expenses in detail.
  • Work on your receivables.
  • Discontinue tank sales to customers.
  • Get signed tank lease agreements (as close to 100% as possible).
  • Increase the number of long-term contracts with larger accounts.

If you have any questions about the above tips, please feel free to contact us at 866-996-0926 for a confidential discussion.

ThompsonGas Shares Your Vision and Values.

 

When the time is right to sell your propane business, you want to choose a company that shares your values and your vision. At ThompsonGas, we know that the financial aspect of an acquisition is only one of many factors you’ll consider. ThompsonGas will ensure the transition is handled with ease and that no one is left behind during and after the acquisition process. We are pleased to say our biggest strength is our ability to systemize operations and make the transition simple and painless.

We believe you deserve a trusted partner who cares as much about the future of your team, your customers and your legacy as you do. ThompsonGas was established over seven decades ago as a family-run propane business. We feel we have made a positive impact in over 16 states and counting. The reason our propane acquisition program has been so successful is quite simple: We really do care about you, your employees, and your customers.

We are dedicated in providing:

  • Your employees with a safe, rewarding environment, a competitive salary, industry-leading benefits, and ample career advancement opportunities.
  • Your customers with continued friendly, exceptional service and reliability.
  • Your legacy with a commitment to be customer and community focused.

Our well-financed acquisition model provides flexible options other buyers may refuse to offer. If you’re looking to retire and possibly leave the industry, transition gradually from the industry or simply want to stay and grow your business, we’ll get you the capital you need without sacrificing your reputation or values. No other company will provide your more flexibility.

Whether you’re just starting to think about selling or you’re ready to sell, ThompsonGas is a company that shares your values and vision for your customers and community. To explore your options, please feel free to contact Jeff Kerns, Executive Vice President of Business Development at 301.432.3882 for a confidential discussion.

 

A Letter to Potential Sellers

Dear Seller,

ThompsonGas is here to keep your legacy alive. We will continually provide opportunities for your employees to grow and we want you to always be proud of your decision to choose ThompsonGas.

Perhaps our biggest strength is our ability to systemize operations, bringing other propane businesses into the fold without missing a beat, specifically in regards to employee and customer retention as well as maintaining steady profits.

All of your employees will remain with ThompsonGas and actively contribute to increasing your original customer base after you decide to sell.

You deserve a trusted partner who cares as much about these issues as you do. Our well-financed acquisition model provides flexible options that the MLPs refuse to offer. Whether you’re looking to retire and leave the industry, or simply want to stay and grow the business, we’ll get you the capital you need without sacrificing your reputation or valuesSimply put, no other company will provide you more flexibility.

Sincerely,

The ThompsonGas Acquisitions Team

ThompsonGas Acquires the Assets of Clark Gas Co., Inc.

On June 29, 2017, ThompsonGas acquired the bulk retail propane assets of Clark Gas Co, Inc. of Florence, AL from owners Jack and Kent Clark.

Excited and thankful for this expansion, ThompsonGas now serves more than 120,000 customers in 18 states: (MD, VA, PA, WV, NC, SC, TN, KY, GA, AL, MS, FL, MN, WI, MO, WA, OR, IL).

ThompsonGas COO, George Koloroutis states, “We are encouraged by the quality of the business that Jack and Kent have built. This transaction will provide an immediate contribution to our business and we are very proud to welcome the Clark Gas customers and employees to the ThompsonGas family.”

 

6 Facts About Selling Your Propane Company

  1. Your research is important. Do it! How will your legacy live on? How will your employees handle the transition? How will your customer loyalty continue to propagate? It is a huge decision when you decide to sell your propane company and ThompsonGas believes it is of utmost importance that you have the right information to help you along the way. When it’s time to start the selling process ThompsonGas will make sure the transition is handled with ease, and that no one is left behind during and after the acquisition process.

 

  1. The selling process doesn’t have to be scary! ThompsonGas wants you to feel at ease when selling your propane company because your hard work and dedication should live on after you decide to sell. The ThompsonGas family values are more than a few sentences carefully written on a sheet of paper, our values truly encapsulate our brand, and what we undoubtedly strive to achieve each and every day. When selling your propane company you must trust that the buyer has good intentions for your business and its loyal employees in mind. That in its self is The ThompsonGas Promise.

 

  1. Your judgment matters! ThompsonGas is a family run propane business established nearly seven decades ago. We have made an impact in over 15 states and counting. The reason our propane acquisition program has been so successful is quite simple— We care about you, your company, and your employees. Click here to read what some of our past clients have said about their transition with ThompsonGas.

 

  1. You will need a red pen because you get to check off your bucket list items! Do you have a bucket list? A list of things you want to do before you “kick the bucket?” Well, you will have all the time in the world to travel and enjoy life once you sell your propane company. After retirement you get to really start living! What are you waiting for?

 

  1. Your stress level will decrease and your body will thank you!  In a 2017 Workplace Stress Survey from The American Institute of Stress 40% of workers reported their job was very or extremely stressful. 65% of workers said that workplace stress had caused difficulties and more than 10 percent described these as having major effects on their health and home life. Furthermore, 62% of workers routinely find that they end the day with work-related neck pain, 44% reported stressed-out eyes, 38% complained of hurting hands and 34% reported difficulty in sleeping because they were too stressed-out.

 

If you are thinking about selling but you are unsure of where to start the acquisition process, call ThompsonGas. Your family, employees, customers, and body will thank you.

Why Choose ThompsonGas?

If you are an owner of a small propane company one of your biggest decisions you will have to make in your lifetime is whether to sell your propane company or not. If you decide to sell, whom are you going to sell your business to? What requirements are you looking for in the acquisition? How will your legacy live on? It is a huge decision when you decide to sell and we believe it is of utmost importance that you have the right information to help you along when it’s time to start the selling process.

ThompsonGas wants you to feel at ease when selling your propane company, because your hard work and dedication should live on after you decide to sell. The ThompsonGas family values are more than a few sentences carefully written on a sheet of paper, our values truly encapsulate our brand, and what we undoubtedly strive to achieve each and everyday. When selling your propane company you must trust that the buyer has good intentions for your business and its loyal employees in mind. That in its self is The ThompsonGas Promise.

ThompsonGas is a family run propane business established nearly seven decades ago. We have made an impact in over 15 states and counting. The reason our propane acquisition program has been so successful is quite simple—

We care about you, your company, and your employees.

Every propane business we have acquired has helped us make an immediate contribution to growing the ThompsonGas family. When selling your propane company, consider ThompsonGas and the distinctive reasons why we are the best choice for you, your family, and the future of your business.

…Our valued client testimonials speak for themselves.

“Since selling my propane business nearly four years ago I’ve watched with great pride as our employees have continued to evolve and thrive with ThompsonGas.”Benny Gay, Former GM, Cooperative Propane

“I can’t express how appreciative I am to Randy, Jeff and the entire ThompsonGas team for including my loyal employees in the ongoing success of the propane business. It’s been like joining a close knit family.” – Luke Houlton, L&P Propane, Wetumpka, AL

“If you’re ready to retire but want to leave your employees, customers and legacy in the best hands, you simply must choose ThompsonGas.” – Luke Houlton Former Owner, L&P Propane

Stop searching, your answer is right here.

The ThompsonGas family understands every propane business comes with a unique set of specific needs. Like leaves on a tree, no two propane acquisitions are the same. When you choose to sell your propane company to ThompsonGas we are committed to working with you to ensure the agreement suits your requirements as well as ours.

We understand how important your customers, employees and reputation truly are. Many businesses only consider what your propane company is worth in dollars and cents, but we recognize there is much more to your propane business than that. ThompsonGas prides ourselves on being a close-knit family. We believe in taking care of our customers, employees and propane business owners who have chosen us to carry on their tradition.”

Jeff Kerns, Executive Vice President, Business Development

Help Plant2 Million Trees (3)

Being Different is a Good Thing


Being Different is a good thing

Like leaves on a tree, no two propane acquisitions are the same. ThompsonGas understands that every propane company is unique, including our own. Here are a few reasons why ThompsonGas prides itself on being different, and why we believe that being different is a good thing.

  1. ThompsonGas will help make the process of selling your propane company easier on you and your employees. We will continually provide opportunities for employee growth and you will always be proud of the decision to choose ThompsonGas.

“If you’re ready to retire but want to leave your employees, customers and legacy in the best hands, you simply must choose ThompsonGas.”

 Luke Houlton Former Owner, L&P Propane

  1. As one of the leading acquisition teams in the nation, ThompsonGas prides itself not only on great service but also on its strong family values. ThompsonGas is one of the top 19 propane companies in the United States. Family owned and operated since 1946, ThompsonGas provides propane services to residential and commercial customers across ten states in the East and Southeast. 

“I can’t express how appreciative I am to Randy, Jeff and the entire ThompsonGas team for including my loyal employees in the ongoing success of the propane business. It’s been like joining a close knit family.”

 Luke Houlton, L&P Propane, Wetumpka, AL

  1. No other company will provide you with more flexibility. Whether you’re looking to retire and leave the industry, or you simply want to stay and grow with the business, ThompsonGas will get you the capital you need without sacrificing your reputation and values.

“ThompsonGas was great to work with. They followed through with their promises and the transaction couldn’t have been smoother. I recommend anyone thinking of selling your propane company to contact the team at ThompsonGas.” 

Charles Lesley, President, L & L Propane Gas, Red Bay And Tuscumbia, AL

  1. ThompsonGas has the ability to systemize operations, bringing other propane businesses into the fold without missing a beat, specifically in regards to employee and customer retention as well as maintaining steady profits.

“When researching a buyer for Cooperative Propane, I was determined to find an organization that would provide my employees the opportunity for growth. I carefully studied the path ThompsonGas was taking, confident with their future plans. It was obvious our team could contribute to this candidate’s vision. Since selling my propane business I’ve watched with great pride as our star employees have continued to evolve with ThompsonGas.”

Benny Gay, Cooperative Propane, Andalusia, AL

  1. If remaining active in the business is a priority, we’ve had great success in specific acquisitions in which the seller has selected to remain with ThompsonGas continuing their career. For some propane sellers, remaining active in the business is a priority. We have had great success in specific acquisitions in which propane sellers have selected to remain with ThompsonGas, continuing their career with a true industry leader.

“At ThompsonGas we are running at a rapid pace. Everyday, the level of excitement ramps up as we grow larger and larger. In fact, we are about to be operating coast to coast. How did this happen? Our gifted people made it happen. Skilled and competent employees in all positions contribute to this mission every single day. At ThompsonGas, we are focused on having the right people in the right places.”

George Koloroutis, Executive Vice President & Chief Operating Officer, ThompsonGas

When selling your propane company, consider ThompsonGas and the distinctive reasons why we are the best choice for you, your family, and the future of your business.

If you would like to explore your options, please feel free to contact us anytime for a confidential discussion.

ThompsonGas Timeline of Aquisitions

From 1946, when Lloyd and Dortha Thompson opened ThompsonGas in a little Boonsboro storefront, their goal was to always stand apart from the competition. Now, over seventy years later, we are still committed to that very same vision.

Take a look into our world and see how we have grown over the years through the ThompsonGas Timeline of Acquisitions.

ThompsonGas Timeline Blog