Completed Sales

July 2, 2026 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of O’Connell Oil Company of LeSueur, MN, to Central Farm Service (CFS), headquartered in Truman, MN. O’Connell Oil Company’s story is deeply woven into the LeSueur, MN, community. Its roots date back to 1961, when brothers Tom and Richard O’Connell carried forward their family’s legacy by purchasing their father JJ’s general store and fuel business, which was first established in the 1930s. What began as a family fuel business grew over the decades into a trusted local provider of fuel, propane, anhydrous ammonia, and dry fertilizer, built on relationships, hard work, and a commitment to serving neighbors. That legacy continued through the next generation as brothers Pat, Mike, and Brandon joined the company in 1979, 1980, and 2005, respectively. The family connection remained strong with Pat’s wife, Rita, also contributing to the business and Mike’s son, Mark, becoming part of the fourth generation involved in carrying the O’Connell name forward. The O’Connell’s commented “We have spent the last 30+ years building our propane/fuel business and we have known Chad for all of them. When it came time to sell, we knew we could trust Chad to guide us through the difficult and emotional process. Chad, Tyler and Dustin were with us every step of the way and we couldn’t have asked for an easier transition to finding a company we felt could continue our level of customer service. The guidance and knowledge Chad and his team at Legacy have to offer are second to none.” Chad Pendill, founder and President of Legacy Energy Consulting, commented, “I have known the O’Connell family for 30 years, and it was both an honor and a privilege to help guide them through this important transition. Their business is a true legacy company, built through generations of hard work, family commitment, and service to their community.” Legacy Energy Consulting delivered comprehensive merger and acquisition services to O’Connell Oil Company. 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 second for Legacy Energy Consulting in 2026, and it’s twenty-ninth 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.

June 1, 2026 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of Legacy Propane in Allison, 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.

November 3, 2025 Legacy Energy Consulting, a leading firm specializing in mergers and acquisitions, is pleased to announce the successful sale of a distinguished, undisclosed Oklahoma-based propane and refined fuel company. Legacy Energy Consulting delivered comprehensive merger and acquisition services to the undisclosed company. 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 and Tyler Pendill managed the transaction. This transaction is the sixth for Legacy Energy Consulting in 2025 and its twenty-seventh nationwide since its inception in 2020 .

October 21, 2025 Legacy Energy Consulting, a leading firm in mergers and acquisitions advisory, announces the successful completion of the sale of Phelan Gas Company, located in Phelan, CA, to an undisclosed buyer. Phelan Gas Company was founded in 2009 by Dustin Shafer after discovering the need for a local customer service focused propane delivery service company to serve Phelan and the surrounding communities. Having a family history in the propane industry, Dustin acquired a piece of property and installed a bulk plant, and Phelan Gas was established. Over the next 15 years Phelan Gas used their customer-focused business plan to bring Phelan Gas to the premier company in the region. Dustin Shafer from Phelan Gas commented “After 15 years of building Phelan Gas Company into a business I was proud of, I decided it was time to sell. Chad and Tyler of Legacy Energy Consulting made the process seamless and successful. Their expertise and dedication shone through as they found the perfect buyer who shared our commitment to exceptional customer service and a strong employee culture. They guided me through every step of the process with clarity and patience, always ensuring I understood each phase. When my enthusiasm got ahead of the process, Chad and Tyler expertly pulled the reins back, keeping us on track. They understood our values and ensured the transition honored the legacy we had built. I couldn’t have asked for better partners in this journey.” Chad Pendill, founder, and President of Legacy Energy Consulting commented "Dustin built a tremendous business in the southern California market that he can be proud of, and it was a pleasure getting to know him and his family and represent them in the sale of their business." Legacy Energy Consulting provided Phelan Gas Company with a full suite of merger and acquisition services. These included conducting the initial valuation, discreetly marketing the company to prospective buyers through an organized and efficient sale process, negotiating the final terms of the deal, and overseeing the due diligence undertaken by both seller and buyer. The transaction was managed by Chad Pendill and Tyler Pendill. This represents the fifth transaction completed by Legacy Energy Consulting in 2025 and the twenty-sixth since 2020 .

October 15, 2025 Legacy Energy Consulting, a leading firm in mergers and acquisitions advisory, announces the successful completion of the sale of Silver Valley Propane, located in Apple Valley, CA to an undisclosed buyer. Silver Valley Propane, Inc. was established in 1993 by Larry Charette in Newberry Springs, CA, recognizing an unmet need for a dedicated propane provider. Starting with a bobtail, crane truck, and some weathered tanks, the company was founded on principles of excellent service, fair pricing, and strong community relationships. This business model proved successful, leading to expansion into Barstow, Baker, Apple Valley, Lucerne Valley, and Helendale by 2000. Larry Charette from Silver Valley Propane commented that “Chad and the team at Legacy Energy Consulting made what could have been a grueling, drawn-out process very seamless. From the first day working together they helped explain what to expect, what to do, and how best to do it to ensure the transaction and transition went exactly how we wanted. I can’t say enough positive words about the service and care provided by Legacy during this process.” Chad Pendill, founder, and President of Legacy Energy Consulting commented "Larry has built an impressive enterprise and established Silver Valley Propane as a leading propane company in the southern California market. It was a pleasure getting to know Larry and his family and gaining their trust to represent them in the sale of their business." Legacy Energy Consulting provided Silver Valley Propane with a full suite of merger and acquisition services. These included conducting the initial valuation, discreetly marketing the company to prospective buyers through an organized and efficient sale process, negotiating the final terms of the deal, and overseeing the due diligence undertaken by both seller and buyer. The transaction was managed by Chad Pendill and Tyler Pendill. This represents the fourth transaction completed by Legacy Energy Consulting in 2025 and the twenty-fifth since 2020 .

August 11, 2025 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of an un-disclosed Florida Propane Company. Legacy Energy Consulting delivered comprehensive merger and acquisition services to the undisclosed company. 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 and Tyler Pendill managed the transaction. This transaction is the third for Legacy Energy Consulting in 2025, its ninth completed sale in Florida and its twenty fourth nationwide sits its inception in 2020 .

August 4, 2025 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of First Call Propane to American Welding & Gas (AWG) Dale & Kelari commented, “When we made the choice to retire, we had three goals: to pass our business on to a company with the same values we worked so many years to exemplify; to find a company that would promote and value our employees; and to find a company that would give our customers the same great pricing and customer service they expect.” Chad Pendill, Founder and President of Legacy Energy Consulting, commented, “Dale and Kelari have developed a highly successful business and positioned themselves as a prominent propane provider in the Roosevelt, UT market. It was a privilege to collaborate with them throughout the sale of their company.” Legacy Energy Consulting delivered comprehensive merger and acquisition services to First Call 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 and Tyler Pendill managed the transaction. This transaction is the second for Legacy Energy Consulting in 2025, and it’s twenty third since 2020 .

June 9, 2025 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of Gatorgas LP, Inc., located in Old Town, FL to Palmdale Propane, a subsidiary of Palmdale Oil Company. Gatorgas was established in 1985 by Frank Anderson and a silent partner, Bob Gratton, beginning with a small cylinder exchange and a single fill station. Over the subsequent 40 years, Gatorgas evolved into a business that garnered both partners' pride, continuously expanding and serving the local community and beyond. Frank managed Gatorgas until his passing in June 2023. Following this, ownership of the company transferred to his daughter, Jennifer Anderson, and his wife, Debbie Anderson, with Jennifer assuming responsibility for daily operations. Jennifer Anderson of Gatorgas LP commented, “When it was time to sell our family propane company after 40 years Chad and Tyler at Legacy Energy Consulting took me under their wing and treated me like family. To attempt to sell a propane company without a team like Chad and Tyler to guide me through it all would have been my biggest mistake. They have all the needed resources, guidance, expertise and professionalism plus they are always looking out for the greater good of their client.” Chad Pendill, founder and President of Legacy Energy Consulting, stated, "It was an honor to get to know and work with Jennifer during the challenging period following her father's unexpected passing, and I am confident that we found the right buyer to carry on what the Anderson family has built." Legacy Energy Consulting delivered comprehensive merger and acquisition services to Gatorgas LP. 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 and Tyler Pendill managed the transaction. Legacy Energy Consulting is pleased to announce its first transaction of 2025, marking its eighth transaction in Florida since 2020. This accomplishment brings the total number of transactions to twenty-two since the company's inception in 2020.

November 6, 2024 Legacy Energy Consulting, a prominent merger and acquisitions consulting firm, is pleased to announce the successful sale of Griffin's Propane, located in Silver City, NM, to an undisclosed buyer. Griffin’s Propane was established in 1991 by Richard and Charlotte Griffin to provide reliable propane services to the community of Silver City in Southwest New Mexico. Recognizing the superior quality of their service, they grew their business to include four locations in New Mexico and four in Arizona over the subsequent thirty plus years, with the assistance of their daughter Lindsay, who joined the business in 2014, and son-in-law Alex who joined in 2019. The Griffin family commented, “When we decided to sell our family business, it was a difficult decision to sell the company that we had spent the last 34 years building. We received exceptional guidance from Chad, Tyler, and the entire Legacy Energy Consulting team. They made the transition smooth and understood the importance of finding the right buyer that aligned with our values regarding customer service and business culture with our employees. We are very pleased to know that our employees, customers, and communities will be in good hands.” Chad Pendill, founder, and President of Legacy Energy Consulting commented "Richard, Charlotte, Lindsay, and Alex have built an impressive enterprise and established themselves as a leading propane company in the Southwestern United States. It was a pleasure getting to know them and gaining their trust to represent them in the sale of their business." Legacy Energy Consulting delivered comprehensive merger and acquisition services to Griffin’s 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 and Tyler Pendill managed the transaction. This transaction is the fifth for Legacy Energy Consulting in 2024, and its twenty first since 2020 .

August 2024 MFA Oil Co., a farmer-owned energy supply cooperative, acquired the propane operations of Hamilton Produce Co., located in Bloomfield and Ottumwa, Iowa. Legacy Energy Consulting facilitated the sale of the propane operations of Hamilton Produce Co.. The deal includes customer accounts, trucks, storage tanks, an office in Ottumwa and employees. “We are excited to welcome Hamilton Produce energy employees to our team,” says Kenny Steeves, senior vice president of MFA Oil operations. “This is a great opportunity to extend our propane service farther north into Iowa, and we look forward to delivering the same high level of service that Hamilton Produce propane customers have come to expect.” The acquisition adds to the cooperative’s established presence in southeast Iowa, with a Petro-Card 24 fuel station in nearby Bloomfield and a bulk fuel and propane plant in Centerville. Doug Dick, who has overseen propane operations at Hamilton Produce for the past 20 years and is an owner of the business, will now manage the office in Ottumwa for MFA Oil. “I’m looking forward to working with MFA Oil and ensuring our customers continue to receive excellent propane service,” Dick says. Legacy Energy Consulting facilitated the sale of the propane operations of Hamilton Produce Co. The transaction marks Legacy’s fourth deal closure in 2024 after facilitating the sale of Maassen Oil Co., Island Energy’s forklift assets as well as Waquie Propane earlier this year. It now has completed 20 deals overall since its inception in 2020 .

July 2024 Palmdale Oil, a provider of fuels, propane, lubricants and chemicals with delivery solutions across Florida, acquired Maassen Oil Co. Inc., a Florida-based distributor of refined fuel, lubricants and propane. Financial terms of the transaction were not disclosed. Legacy Energy Consulting facilitated the acquisition for Maassen Oil. Founded in 1931 and based in Arcadia, Florida, Maassen supplies a diverse product offering, including propane, dyed off-road diesel and clear on-road diesel, gasoline and lube oils to a broad base of commercial and residential customers across the region. The transaction enables Palmdale to strategically expand its capabilities and bulk plant footprint across Florida. The family-owned business, headquartered in Palm Beach Gardens, Florida, operates in more than 50 counties across the state. “Like Palmdale, Maassen is a family-owned business that prioritizes personalized customer service,” says Lachlan Cheatham, CEO of Palmdale. “This partnership will enhance our transportation efficiency and allow us to maintain our exceptional service standards while reaching more customers within the Tampa and Fort Myers regions.” David Maassen, co-owner of Maassen, says Palmdale shares its values and commitment to service and respects the strength of its connection to the markets and communities in which it operates. “As part of the Palmdale family, customers will continue to receive the high-quality refined fuel, lubricants and propane products customers rely on while benefiting from Palmdale’s expanded distribution network and capabilities and operational expertise – including across the agriculture and industrial markets,” he says. For Legacy Energy Consulting, the transaction marks its third deal closure in 2024 after facilitating the sale of Island Energy’s forklift assets as well as Waquie Propane earlier this year. It now has completed seven deals in Florida and 19 overall since its inception in 2020. Legacy provides business acquisition and evaluation services connecting buyers and sellers. The company is led by Chad Pendill, President, and Tyler Pendill, Director of Sales and Marketing.