West Palm Beach, FL – January 3, 2024 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce the sale of Harris Propane of Salem, NJ, to ThompsonGas, LLC of Frederick, MD.
Harris Propane has been providing residential and commercial propane to New Jersey, Delaware and Maryland for more than 30 years. Harris began as a chimney cleaning company in 1986 and soon realized the community was looking for more services, so they expanded their offerings to include plumbing, heating, air & electric and propane. Only the propane division is included in the sale to ThompsonGas. All other services will stay in place.
“Selling our propane business was a very personal and emotional decision,” said Debbie Harris, partner, Harris Propane. “We were presented with many options but felt ThompsonGas would be the best fit for our employees and customers. Special thanks to Andy Hino and the entire Blue Peak team for their guidance and expertise throughout the process.”
“We’re thrilled to welcome Harris Propane into the ThompsonGas family of companies,” said Erik Peterson, CEO of ThompsonGas. “Their team’s steadfast dedication to safety and ensuring an exceptional customer experience resonates with our fundamental principles, positioning us to consistently provide top-notch service to customers in South Jersey, Northern Delaware and Northeast Maryland.”
Blue Peak Resources, an advisor to Harris Propane, served as the facilitator and negotiator. The team provided the financial valuations, prepared the business offering package to potential buyers and assisted in the negotiations and final deal terms.
ThompsonGas was founded in Boonsboro, Maryland, in 1946 by Lloyd and Dortha Thompson, who served that small farming community for over seven decades with a commitment to service and a reputation for strong family values. Today, ThompsonGas is one of the top 10 propane companies in the US. They provide residential and commercial propane service to customers nationwide.
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 advise them on increasing the value of the business they have worked so many years to build. John Armentano and Mike Gioffre began this venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value and continue their legacy for generations.
Blue Peak Resources