Acquisition Announcement: Legacy Propane, Allison, IA

Fountain Hills, AZ – June 1, 2026, Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of Legacy Propane in Allision, IA to Heartland Co-op headquartered in Clive, IA.

Legacy Propane of Allison, IA was originally established as Allison Propane in 1972 and was acquired by Heritage Petroleum of Evansville, IN as part of its much larger acquisition of Diamond Oil in February of 2025.

John Clark, the COO of Heritage Petroleum commented “We have bought 25 companies in 12 years but had never sold anything. The Legacy Energy team presented, then executed a plan seamlessly to make our first selling experience a success. I would not only use them again, but I would recommend them to other companies looking to execute a transition”

Chad Pendill, founder, and President of Legacy Energy Consulting commented "John Clark and Phil Davidson of Heritage Petroleum were a pleasure to work with on this project and it could not have gone any smoother."

Legacy Energy Consulting delivered comprehensive merger and acquisition services to Legacy Propane. These services encompassed the initial valuation, discreetly marketing the business to potential buyers through an efficient and structured sale process, negotiating the final deal structure, and managing the due diligence process between the seller and the eventual buyer. Chad Pendill, Tyler Pendill and Dustin Shafer managed the transaction. This transaction is the first for Legacy Energy Consulting in 2026, and it’s twenty-eighth since 2020.

About Legacy Energy Consulting

Legacy Energy Consulting was established in 2020 by Chad Pendill, a propane industry veteran with over thirty years in the industry, and his son Tyler Pendill. The firm specializes in offering merger and acquisition services to propane and refined fuel businesses across the nation. Legacy Energy Consulting is a family-owned business that aims to provide personalized and reliable guidance to other family-owned businesses during the sale of the business they have worked so hard to build.

Chad Pendill

President

Tyler Pendill

Director of Sales & Marketing

Call:  320-979-0544

Dustin Shafer

Director of Business Development

Call:   509-952-3087