Chesapeake Utilities Corp., Dover, reported that its subsidiary, Florida Public Utilities has acquired the propane operating assets of Hernando Gas, Hernando, FL.
“Propane’s reliability, versatility and superior performance make it a fuel of choice for many Floridians,” said Jeff Householder, CEO of Chesapeake Utilities. “We are confident that FPU will provide our new propane customers with the same exceptional service that they have been accustomed to receiving.”
“This is a strategic acquisition for our company as it enables Florida Public Utilities to expand the availability of our Florida propane operations closer to the Tampa market,” said Andy Hesson, vice president of Sharp Energy, Chesapeake’s propane business.
Florida Public Utilities, and its sister company Sharp Energy, serve customers in Delaware, Maryland, Pennsylvania, Virginia, North Carolina, South Carolina and Florida and maintains local offices in the areas served.
Cheapeake has been adding to its propane service territoriy in the Mid-Atlantic and Florida. The propane business is a way for Chesapeake to expand into areas where it does not offer natural gas service. Chesapeake also acquired a Florida trucking company that transports natural gas.
Acquisitions in recent years have included Boulden Propane, Newark, which came about as the company acquired Elkton Gas in Cecil County, MD. Cecil County was within Boulden’s territory.
Headquartered in Yulee, Fl. Florida Public Utilities distributes natural gas and propane and provides electric services to customers in markets throughout Florida.
