ThompsonGas Acquires Propane Business of South Florida Gas

ThompsonGas, a Maryland company, acquired the propane delivery business of South Florida Gas Company, headquartered in Fort Myers, Fla., Cetane Associates announced. The transaction closed on June 21.

For more than 27 years, South Florida Gas has been serving southwest Florida. Charles (Chuck) Robb and Terry Fisher acquired Careful Gas Service in 1995. After Chuck purchased Terry’s interest in 2007, Chuck and Stephanie Robb became owners of the renamed South Florida Gas. Building the business on a niche market serving RV parks, the business grew by acquisition, expanding its service territory in southwest Florida, and adding bulk storage. Their customer mix on the Gulf Coast includes multiple residential, metered propane systems.

With the acquisition, ThompsonGas now claims a footprint across the country in 23 states. The brand began with Lloyd and Dorothy Thompson in a Boonsboro, Md., storefront in 1946.

Cetane Associates (www.cetane.com) served as the sole arranger and financial advisor to South Florida Gas.