The ThompsonGas Family Continues To Grow!

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ThompsonGas is proud to introduce the latest acquisition to our ever-growing family of propane businesses. Recently, we’ve acquired the assets of Duluth, Minnesota based Como Oil & Propane. With this new addition ThompsonGas services more than 87,000 customers in 14 states. Pretty impressive for a company that started way back in 1946 in rural Boonsboro, Maryland!

“We’ve always wanted the opportunity to service clients in the Minnesota and Wisconsin area. We understand how important great customer service and affordable propane is to that region. Como is one of the largest and best run propane businesses in the upper Midwest and we couldn’t be happier to include them in the ThompsonGas family.”

 

George Koloroutis
Executive Vice President and COO
ThompsonGas

Several propane companies have joined the ThompsonGas family over the past two years including Tri State Gas as well as Apex Propane Services, Inc., a mutually beneficial arrangement that Koloroutis says allowed tremendous opportunities for all involved. “You know, over a 70 year time span, you tend to learn quite a bit about a propane business owner’s needs. It’s so much more than providing propane. You have to take care of your customers, the well-being of your employees and the overall legacy of the business. It can get difficult sometimes—and we get that. We never lose sight of how a local propane company has to struggle against the Goliaths of the business world. We actively seek out the little, and not so little guy, just to see if there’s any benefit to welcoming them into our fold.”

 

“Typically we rebrand the businesses we acquire, but in the case of Como, these guys have such brand exposure throughout Minnesota and Wisconsin, and such a loyal customer base, Randy and I felt it was the right thing to do keeping the name intact.”

 

ThomposonGas CEO Randy Thompson: “It’s really thrilling to be able to add such a well-run organization as Como Oil and Propane to the family business. This team has really become part of the culture in Duluth and the surrounding area and we’re very happy to be able to carry on that reputation. From our very first acquisition I made a commitment to both ThompsonGas and myself that we were never going to simply go through the motions like larger businesses do when it comes to a major buyout. The most important assets any company has aren’t found in their ledger; it’s their customers, their employees and their reputation. Everyone in the ThompsonGas family understands how important maintaining those three integral pieces are to any venture.”

 

Are you considering what the future holds for your propane business? We’re available for a confidential discussion about your options. Please feel free to call Jeff Kerns at 301.432.3882 or Dan Carrigan 913.638.8677 today.