IRVING, Texas--(Alliant Gas, LLC, (“Alliant”), a wholly owned subsidiary of Pinnacle Propane (“Pinnacle”) and JP Energy Partners (“JP Energy”), has completed the acquisition of SemStream Arizona Propane, L.L.C. (“SemStream”). Pinnacle is a leading distributor of propane in the south and southwest United States. This transaction expands Alliant’s portfolio of central distribution systems. Alliant currently services 27 communities in Texas.)--
“We are extremely excited to have completed the acquisition and bring the employees into our team. In addition, we look forward to continuing the culture of customer service and safety. We view Arizona as a strategic market to enter as we expand our footprint to the west.”
The Arizona Corporation Commission granted approval during its December 11th open meeting clearing the way for the transaction to close. All of the employees are anticipated to remain with Alliant Gas after the transaction.
Chris Hill, President of Pinnacle Propane and Alliant Gas, commented on the acquisition, "We are extremely excited to have completed the acquisition and bring the employees into our team. In addition, we look forward to continuing the culture of customer service and safety. We view Arizona as a strategic market to enter as we expand our footprint to the west.”
Alliant will be changing the name from SemStream Arizona Propane to Alliant Gas for the customers on the regulated system and Pinnacle Propane for non-regulated customers. SemStream Arizona Propane is a full service propane company offering service to more than 11 thousand customers in Payson and Page Arizona through its regulated central distribution systems and non-regulated delivery of propane to commercial and residential customers. Customers receive their propane delivered through metered underground systems or with leased tanks and metered-tank service. Currently between 11,100 to 11,700 customers are served in Payson, Pine, Strawberry and many other areas around Northern Gila County, and in and around Page in Coconino County.
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide integrated refinery services. JP Energy currently owns these assets through its subsidiaries Pinnacle Propane, Pinnacle Propane Express, LLC, JP Crude Oil Services and JP Refined Products. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. Additional information about JP Energy Partners, Pinnacle Propane and Alliant Gas can be found at www.jpenergypartners.com, www.pinnpropane.com, www.pinnaclepropaneexpress.com and www.alliantgas.com.