LP Gas, May 2018
MERGERS ACQUISITIONS DCCS DRAW TO THE US A deal with NGL Energy Partners gives the European player D CCs initial push into the U S propane market represents a logical business evolution for the major European player says a company official overseeing U S operations Headquartered in Dublin Ireland DCC acquired NGL Energy Partners retail propane assets extending from Indiana to the West Coast totaling 42 locations across 10 states and including about 400 employees The 200 million deal announced last year and which closed in March included NGLs flagship company Hicksgas in Illinois and Indiana along with Pacer Propane Propane Central and a number of smaller local brands Shawn Coadys Hicksgas business in Roberts Illinois was a key component when NGL Energy Partners formed in 2010 Now it will serve as a key piece for another growing company coming at a time when NGL was looking to monetize some assets and focus instead on its retail propane operations in the northeastern mid Atlantic and southeastern United States For a global company like DCC to get into the U S market it needed a scalable operation that had a solid back office to build off of says Coady who now serves as president and managing director of DCC Propane Led by managing director Henry Cubbon DCCs global LP gas business operates in eight European countries It recently announced the acquisition of Shells LP gas business in Hong Kong and Macau China as well as Linde Groups TEGA business in Germany Moving into the United States gives DCC a notable presence in a large market tied to the global economy The U S is a very large market Coady says It makes logical business sense to be a global player you need to be in one of the largest markets out there Coady calls DCC a growth oriented company with intentions to continue its expansion in the U S market DCC was one of two international companies to announce expansions into the United States last year SHV Energy based in the Netherlands acquired American Midstream Partners propane business including Pinnacle Propanes 40 service locations Pinnacle Propane Express cylinder exchange business and related logistic assets and the Alliant Gas utility system for 170 million Brian Richesson 30 LPGas May 2018 LPGasmagazine com ISTOCK COM º º ALEX_ WEST Continued on page 32 a strong presence in a key propane market
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