Sharp Energy acquired the propane sales and delivery business of R.F. Ohl, Lehighton, Pa.
“This acquisition is a strategic fit for our family of businesses and will extend Sharp Energy’s reach to new customers, communities and businesses in Pennsylvania,” Michael P. McMasters, president and chief executive officer of Chesapeake Utilities Corp., Dover, Del., the parent company of Sharp Energy, said in an announcement.
R.F. Ohl, a family-owned and operated company founded in 1984, sold and delivered propane to more than 2,500 residential and commercial propane customers in Carbon, Monroe, Northampton, Lehigh, and Schuylkill counties in Pennsylvania, according to the announcement, issued in December by Cetane Associates, which brokered the deal, along with Angus Finance.
Steve Ohl of R.F. Ohl said, “We made a strategic decision to sell our propane business and focus on our heating oil and HVAC business. Sharp was the perfect fit for us as they do not sell heating oil or provide HVAC service.”
R.F. Ohl will continue to service the HVAC needs of propane customers while Sharp Energy will sell and deliver the propane, according to an announcement on the website of R.F. Ohl.
Sharp Energy is headquartered in Georgetown, Del. It distributes propane to approximately 39,000 residential, commercial and industrial customers in Maryland, Delaware, Virginia and Pennsylvania. It operates four rail facilities and has more than 2.5 million gallons of propane storage.
Sharp Energy is a partner of Alliance AutoGas, a national network of companies that delivers alternative fueling and EPA-certified propane AutoGas vehicle conversions, on-site fueling infrastructure, fuel supply, safety and operational training, and ongoing technical support.