Reliable Energy Partners Expands Midwest Operations by Acquiring Gateway Propane

Reliable Energy Partners Expands Midwest Presence

Reliable Energy Partners, a forward-thinking growth platform dedicated to serving both residential and commercial propane customers, has recently made headlines with its acquisition of Gateway Propane. This strategic move not only marks their entry into the St. Louis market but also signifies a pivotal expansion into three key states, further solidifying their operational reach in the highly fragmented propane distribution industry.

About Gateway Propane

Gateway Propane stands out as a premier propane distributor, particularly known for its specialized services in forklift cylinder exchanges for commercial and industrial sectors within the greater St. Louis area. The company's reputation for reliability and building lasting partnerships with its clients aligns seamlessly with the mission of Reliable Energy Partners.

Vision for the Future

Sean Daugherty, the CEO of Reliable, expressed his enthusiasm about this acquisition, stating, "Gateway has built a stellar reputation for dependable service and strong, longstanding customer partnerships throughout the St. Louis market. We’re thrilled to welcome the Gateway team into Reliable as we continue to develop a leading propane distribution platform serving both residential and commercial customers. Their focus on safety, reliability, and local relationships aligns perfectly with our vision for the future."

Strategy for Growth

This acquisition marks Reliable’s third venture into strategic partnerships just a month after its inception. Michael Khutorsky, Senior Managing Director at Soundcore Capital Partners, highlighted the importance of research and market mapping in identifying valuable acquisition targets. The acquisition of Gateway is a testament to Reliable's commitment to meet the needs of the marketplace.

Reliable Energy’s growth strategy integrates both organic expansion methods and judicious acquisitions, aiming to establish itself as a preeminent, multi-regional propane distribution platform. The commitment remains strong towards delivering exceptional services to a broad spectrum of customers, while also enhancing the operational capabilities of their partners through ample resources and expertise.

Soundcore Capital Partners: The Driving Force

Soundcore Capital Partners, established in 2015 and headquartered in New York, specializes in navigating the lower middle market for investment opportunities. With a focus on buy-and-build strategies, the firm plays a significant role in the growth of Reliable Energy Partners. Having completed 109 acquisitions spread across fourteen platforms, Soundcore continues to identify fruitful opportunities for growth and expansion in the propane distribution sector.

Commitment to Community and Service

Reliable Energy Partners is firmly rooted in its community approach, emphasizing the importance of local service and relationships. This is reflected in Gateway’s operational ethos, and both companies are set to benefit from the new synergies created through this acquisition. The objective of Reliable is to provide reliable, affordable, and sustainable energy solutions tailored to meet the diverse needs of its client base.

A Future of Expansion

With plans for continued growth, Reliable Energy Partners is actively seeking additional acquisition opportunities. Danny New from Soundcore is leading the charge for new platforms and add-on ventures, further enhancing the potential for Reliable’s operations in the propane market.

As Reliable Energy Partners forges ahead, the company is not just creating a larger footprint; they're building a legacy of quality and community that promises to benefit both customers and partners alike.