US Propane has acquired Atlanta Propane Exchange and North Carolina Propane Exchange. The financial terms of the transaction were not disclosed in the sources.
US Propane is a newly launched company headquartered in Auburn, Georgia. Atlanta Propane Exchange and North Carolina Propane Exchange were joint venture companies of American Cylinder Exchange and Rhine Family business units.
Kendall Rhine, partner at Rhine LLC, said: "After much thought and consideration, we determined it was the right time to transition these companies to an organization committed to growth and customer service. We appreciate the commitment of our employees and customers and are thankful for the guidance of Blue Peak Resources through this entire process."