Thoughts & Advice

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

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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

 

ThompsonGas Continues to Grow

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Successful propane companies don’t just happen. Success requires nurturing, year after year, to assure that customer expectations not only are met, but also exceeded. At ThompsonGas, we trace our beginnings back to 1946, the year Lloyd Thompson founded the company in Boonsboro, Maryland. We’ve served that small farming community for over six decades with a commitment to service and a reputation for strong family values.

ThompsonGas is one of the top 19 propane companies in the US. Family owned and operated since 1946, ThompsonGas provides propane services to residential and commercial customers across ten states in the East and Southeast. ThompsonGas has delivered fair propane prices consistently.

ThompsonGas is a company founded on the solid family operated business principles of trust and service, and deep-rooted values.

Today, 71 years later, we are proud to announce that ThompsonGas continues to grow, we have acquired the assets of Dallas County Propane, of Buffalo, Missouri from owners Lee and Monica Garrett, and Garrett’s Propane of Rogersville, based in Rogersville, Missouri from owners Mark and Shellena Garrett. Not leaving his business behind, we are thrilled to announce that Mark Garrett has joined ThompsonGas as manager of both operations!

ThompsonGas now serves more than 95,000 customers in 17 states (MD, VA, PA, WV, NC, SC, TN, KY, GA, AL, MS, FL, MN, WI, MO, WA, OR).

ThompsonGas COO, George Koloroutis: “These are our second and third acquisitions in the State of Missouri since 2016 and we are encouraged by the quality of the businesses that Lee and Monica and Mark and Shellena have built. Both transactions will provide an immediate contribution to our business and we are very proud to welcome their customers and employees to the ThompsonGas family.”

Our Acquisition Team is Ready to Support You.

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 values.

Propane Seller’s Options

ThompsonGas has successfully facilitated several propane acquisitions in recent years, and have discovered the overwhelming majority of purchases fall into one of the following categories.

The Propane Seller Exits The Industry

This is the most traditional situation. In this case, the propane seller is looking forward to retirement and is prepared to move onto to the next stage of their life.

The Propane Seller Transitions Gradually From The Industry

There are certain instances in which the propane seller prefers to remain with the company for predetermined period of time, usually taking on a smaller role in order to acclimate and introduce employees and customers to ThompsonGas.

The Propane Seller Remains With ThompsonGas

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.

As with your options, our propane purchase structure will be discussed in great detail. In each instance, ThompsonGas works closely with you to ensure you’re in agreement with the specific proposal.

If you would like to explore your options, please feel free to contact us at anytime.

JEFF KERNS, 301.432.3882

DAN CARRIGAN, 913.638.8677

ThompsonGas Acquires the Assets of Propane Northwest.

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ThompsonGas has acquired the assets of Propane Northwest, based in Portland, Oregon. Owners, Paul Bansen and Don Hutt, founded Propane Northwest in 1999. Bansen and Hutt worked for a major marketer in the propane industry for 15 years prior to going out on their own. Each are considered recognized experts in this space.

This acquisition expands the ThompsonGas footprint into Oregon and Washington. ThompsonGas now serves more than 90,000 customers in 17 states (MD, VA, PA, WV, NC, SC, TN, KY, GA, AL, MS, FL, MN, WI, MO, WA, OR).

ThompsonGas COO, George Koloroutis: “This is our first acquisition in the western United States and we are encouraged by the quality of the business Paul and Don have built. The Propane Northwest transaction will provide an immediate contribution to our business and we are very proud to welcome their customers and employees to the ThompsonGas family.”

Thinking of Selling Propane Business? It’s Time to Take the First Step.

Pick up the Phone. 866-996-0926If you’re thinking of selling propane business, it’s time to call ThompsonGas.

For over 70 years, the ThompsonGas family has seen and experienced everything involved within the propane industry. Our team has braved brutal winters and treacherous roads in order to ensure our customers received their deliveries on time. We specialize in mobilization, having access to propane even in the most difficult times.

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.

It’s time to take that first step to sell your propane business, contact me at 913.638.8677 or Jeff Kerns at 301.432.3882 for a confidential discussion regarding your options.

We’re here to help.

Dan Carrigan, Vice President, Business Development

Join our Team

The ThompsonGas family is growing at a rapid pace. We are busy guiding business owners through the acquisition process and have extended our presence coast to coast. With our growth comes opportunity for you. We are in the process of searching for qualified managers to join our team.

ThompsonGas is Seeking Qualified Managers.

These are exciting times for ThompsonGas. As Executive Vice President and Chief Operating Officer of ThompsonGas I can attest, unequivocally, that the propane industry is heading in the right direction. However, some propane companies have had difficulty in the past few years:

  • Unseasonably warm weather resulting in low demand.
  • Acquiring propane companies without considering all the variables.
  • Struggling to maintain market share while fending off competition.
  • Trouble consistently meeting and exceeding customer expectations.
  • Complications complying with local, state and federal regulations.
  • Finding and keeping quality employees.

I’ve seen all of the above and more. Perhaps you’re the owner of a propane business or are a key manager for a propane company currently facing some of the challenges listed above. Do you feel you’ve lost your passion for the propane industry? ThompsonGas can change that.

If you’re a proven leader in the propane industry and ready for a change, we have excellent opportunities available for you. We are specifically interested in candidates who have managed single or multiple locations. With opportunities nationwide, we want to help you get your passion back for a career in the business you love.

Please email me your cover letter and resume today. Tell me why you feel you are the right choice for our team.

I’m looking forward to you becoming the newest member of the fastest growing, most dynamic propane business in the U.S.

George Koloroutis, Executive Vice President & Chief Operating Officer

gkoloroutis@thompsongas.com

In Any Decision, Family Must Come First

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The decision to sell your propane company must not be taken lightly.

“Each of us has a unique story, a reason for making our career in the propane industry. Perhaps you’ve worked through the ranks to become the corporate decision maker or you’ve inherited your family’s propane business. Maybe you’ve been placed in the difficult position of addressing your propane company’s profitability. Regardless of the specific reasons you’re considering selling your propane business, ThompsonGas understands.

We know it is difficult to make these types of decisions—choices that will impact employees, customers and family. When you sell to ThompsonGas, you can rest assured we will honor your propane company’s legacy, protect your employees, and continue to provide the service your customers have grown to expect.

You have the option of remaining involved with the propane business, or, you can rely on us to handle all business operations and retire from your propane company giving you the time you deserve to enjoy life. I guarantee, you will always have an open line of communication with ThompsonGas, not a nameless, faceless executive board.

When you feel the time is right to sell your propane business, contact us for a confidential discussion regarding your options.”

Dan Carrigan, Vice President, Business Development at 913.638.8677
Jeff Kerns, Executive Vice President, Business Development at 301-432-3882