Pinnacle Propane Completes the Name Change of Arthur Propane Company
IRVING, TX, July 24, 2012 – Pinnacle Propane LLC, a wholly owned subsidiary of JP Energy Partners LP (“JPE”), announced today the partnership is completing the final stage of integrating its 2011 acquisition of Arthur Propane Company by changing the name to Pinnacle Propane. Located in Clayton, Des Moines and Raton, New Mexico this was Pinnacle Propane’s eighth acquisition in the propane industry, further expanding the partnership’s geographic presence in Eastern New Mexico.
By uniting the Arthur Propane operation with one of the leading propane companies, Pinnacle Propane became one of the largest distributors of propane in Eastern New Mexico. Going forward customers will see the Pinnacle Propane brands throughout the entire New Mexico service area.
“Our customers will continue to see the exceptional service provided by Arthur Propane under the Pinnacle Propane brand as we bring together these two outstanding service oriented companies,” said Christopher Hill, President of Pinnacle Propane.
Pinnacle Propane is focused on continuing to develop a portfolio of quality propane operations in the United States. “These combined operations made Pinnacle Propane the leading propane and refined fuel provider in Eastern New Mexico. With our scale, product offerings and dedication to safety, Pinnacle Propane provides an unmatched level of service and reliability to the community.” according to Mr. Hill
About JP Energy Partners
JP Energy Partners was formed in 2010 to focus on opportunities to acquire and consolidate retail propane operations, midstream crude oil assets and refined product storage and transportation related businesses in the midstream sector. JPE currently owns retail propane operations under the name Pinnacle Propane in New Mexico, Oklahoma, Texas, and Arkansas as well as 18 community propane systems under the name Alliant Gas LLC throughout central Texas. JPE also recently acquired a 20# cylinder exchange business, Heritage Propane Express, which provides exchange service in forty-two states. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. More information about JPE and its subsidiaries can be found at www.jpenergypartners.com.
Posted: July 23, 2012