Coast Gas Industries
Coast Gas is one of the largest independent retail propane distributors in the Western United States. With more than 30 locations in 7 states, the company supplies propane to a unique network of 90 independent propane dealers serving over 100,000 retail customers in the Western and Southeastern United States as well as large corporate customers. The attractive route density economics inherent in the Coast Gas business model allows for the company to serve as an excellent acquisition platform; between 1986 and 1993, Coast acquired and successfully integrated 26 distribution locations.
Date of Investment: April 1993
Date of Exit: December 1996
Type of Exit: Sale to Strategic Buyer
Headquarters: Watsonville, CA