Pecos Propane, Inc. Sold to Undisclosed Buyer

Paraco Gas Acquires North Shore Bottled Gas

October 23, 2025

Energy

Paraco Gas, a large privately held propane retailer, has acquired North Shore Bottled Gas, a family-owned bottled propane business founded in 1988 in Saint James, New York. The acquisition expands Paraco's footprint and service capabilities across New York as part of its ongoing roll-up of family-run propane companies.

Enterprise Products Partners Acquires Piñon Midstream

August 21, 2024

Infrastructure

Enterprise Products Partners L.P. (through an affiliate) entered into a definitive agreement to acquire Piñon Midstream, LLC from Black Bay Energy Capital for $950 million in a debt-free cash transaction. Enterprise later announced the acquisition was completed. Piñon Midstream provides natural gas gathering and treating services in the Delaware Basin’s eastern flank in New Mexico and Texas, including sour gas treatment and CO2 permanent sequestration-related infrastructure.

Undisclosed Strategic Buyer Acquires Large Regional Commercial Petroleum and Lubricants Company

June 19, 2023

Oil & Gas

1858 Capital Partners advised on the sale of a large regional commercial petroleum and lubricants company to an undisclosed strategic buyer. Financial terms were not disclosed, and the buyer identity was not provided in the announcement.

Laredo Petroleum Acquires Sabalo Energy Assets for $715M

May 9, 2021

Oil & Gas

Laredo Petroleum (NYSE: LPI) signed a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, for approximately $715 million in cash and stock. Concurrently, Laredo sold 37.5% of certain operated PDP reserves in its Legacy leasehold to an affiliate of Sixth Street Partners for $405 million to help fund the acquisition and deleverage the balance sheet.

Platform Capital-backed Platform Fuels Acquires Six Oklahoma Propane Retailers

October 29, 2020

Energy

Denver-based Platform Capital, through its operating platform Platform Fuels Distribution Holdings (Platform Fuels), acquired six independent propane retailers across Oklahoma: Green's Propane (Wellston), Menz Propane (Union City), Dales' Propane (Clayton), Kiamichi LP Gas (Idabel), Ned Guest LP Gas OK (Valliant) and McCurtain County Propane (Broken Bow). The transactions represent an initial platform investment totaling more than $10 million in combined revenue and 5.75 million gallons of annual propane sales; Platform Fuels will retain local trade names and personnel while consolidating administrative functions and implementing operational technology to drive growth and margin expansion.

Superior Plus Subsidiary Acquires Central Coast Propane

October 15, 2020

Energy

Superior Plus Corp., through a wholly-owned subsidiary, acquired all equity interests of Central Coast Propane, a Paso Robles, California-based retail propane distributor serving approximately 2,800 residential and commercial customers. The acquisition is Superior's fourth in 2020 (and third retail propane deal in California) and is expected to provide synergies with its existing retail and wholesale propane operations in the state.