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12/3/2021 Partnerships

SHV Energy acquires two LPG companies in the US

Pinnacle Truck
Via its subsidiary Pinnacle Propane, SHV Energy has acquired 100% of the assets and customers of United Propane and Collins Propane.
In a combined transaction, SHV Energy, via its subsidiary Pinnacle Propane, has acquired 100% of the assets and customers of United Propane and Collins Propane in the United States. “The acquisition will add 15,000 customers to our portfolio and substantially strengthen our leading position in the fast growing Texan market. It is a perfect fit with our ambitious growth strategy for the US”, says Michael Kossack, Management Board Member & COO of SHV Energy. 

Pinnacle currently operates in nine States in the south of the US. In recent years the company completed 14 acquisitions making it a top 3 player in nearly all states it operates in.

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