PALM BEACH GARDENS, FL – September 29, 2026 – Blue Peak Resources, a mergers and acquisitions consulting firm specializing in the propane gas and fuel oil industries, is pleased to announce the successful sale of Denver Propane Exchange to an undisclosed buyer.
“After years of growth and dedication, we determined that the time was right to transition the company to an organization with comparable expertise and experience in our marketplace,” said Kendall Rhine, Partner at Denver Propane Exchange. “Following a thorough review of numerous offers, we selected a buyer we believe is well positioned to carry the business forward. We are grateful for the dedication and contributions of our team members and are confident the company will continue to prosper under its new ownership.”
“Working with the buyer and the team at Denver Propane Exchange was a great experience, and we are extremely pleased with the successful outcome for all parties involved,” said Michael Gioffre, Partner at Blue Peak Resources. “It was a privilege to help guide the transaction and support Denver Propane Exchange through this important transition.”
Blue Peak Resources served as the exclusive sell-side advisor and principal negotiator for the transaction. The Blue Peak team conducted financial valuations, prepared a comprehensive confidential offering package, managed the buyer outreach and evaluation process, and provided strategic guidance throughout negotiations and closing.
Terms of the transaction were not disclosed.
About Blue Peak Resources
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or to receive consulting services focused on increasing the value of the company they have worked so many years to build. Founded by John Armentano and Mike Gioffre, this venture is dedicated to helping family-owned businesses plan successful exits, maximize value, and preserve their legacy.
Blue Peak Resources
Mike Gioffre
914-420-2940