Dover-based Chesapeake Utilities Corporation completed its acquisition of Elkton Gas from South Jersey Industries.
Elkton Gas becomes the newest wholly-owned subsidiary of Chesapeake Utilities. Chesapeake Utilities recently announced final regulatory approval from the Maryland Public Service Commission for the acquisition.
Incorporated in 1863, Elkton Gas delivers natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County.
Elkton Gas will continue to operate out of its existing office with the same local personnel.Chesapeake Utilities currently serves another franchised area of Cecil County, Maryland with natural gas service and has been managing its expansion into this area largely from its Delawareoperations. With the addition of the Elkton Gas team and facilities, the entire county can be served locally from the existing office.
“We are pleased to welcome the dedicated team of Elkton Gas employees and our new Elkton Gas customers to our Company,” said Jeff Householder, CEO of Chesapeake Utilities Corporation. “This move is a natural fit and we are excited about our prospects for natural gas distribution expansion in this growing area.”
Elkton Gas had been under various ownership groups and never expanded much beyond the Cecil County seat.
Chesapeake has been building out a natural gas system elsewhere in Cecil County and more recently acquired the Newark-based Boulden propane service that serves Cecil County and adjacent areas.
Chesapeake typically offers propane in areas not reached by its natural gas service.