Dixie LP Gas & Gas Heat

ThompsonGas Acquires Dixie LP Gas and Gas Heat

FOUNTAIN HILLS, AZ – October 21, 2026 – Legacy Energy Consulting, a prominent merger and acquisition advisory firm serving the propane industry, announced today the successful sale of Dixie LP Gas, Inc. (“Dixie LP Gas”) of Augusta, Georgia, and Gas Heat, Inc. (“Gas Heat”) of Trenton, South Carolina, to ThompsonGas, LLC (“ThompsonGas”), headquartered in Frederick, Maryland.

Dixie LP Gas and Gas Heat represent more than six decades of family ownership and local propane service in Georgia and South Carolina. Founded by Thore and Virginia Lippert and later led by their daughter, Caroline Guay, the businesses built strong customer relationships and a long-standing reputation for dependable service.

The transaction brings Dixie LP Gas and Gas Heat under ThompsonGas, a national propane provider positioned to continue supporting the companies’ customers, employees, and communities.

Caroline Guay commented, “We are pleased to complete this transaction with ThompsonGas and confident they are the right buyer to continue serving our customers with the care they expect. Chad, Dustin, and the Legacy Energy Consulting team guided us through each stage of the sale process with patience, professionalism, and clear advice. Their support made a complex transaction manageable, and we appreciate their role in helping us achieve a successful outcome.”

For over 80 years, ThompsonGas has been the trusted name in propane. Their well-known brand began with Lloyd and Dorothy Thompson in a Boonsboro, Maryland storefront in 1946, with a promise to provide quality products and service to their customers. ThompsonGas CEO Erik Peterson expressed enthusiasm for the transition: “We are excited to welcome Dixie LP and Gas Heat to the ThompsonGas family. Their addition strengthens our presence in the Georgia and South Carolina markets and, just as importantly, brings talented teams and valued customers into our organization. We look forward to building on their strong local relationships and making both their employees and customers feel right at home with ThompsonGas.”

“This transaction reflects the strength of the businesses Caroline and her family built and the importance of finding a buyer in ThompsonGas that is aligned with their values,” said Chad Pendill, founder and President of Legacy Energy Consulting. “We were honored to advise Dixie LP Gas and Gas Heat through a structured process focused on continuity for customers, employees, and the communities they serve.”

Legacy Energy Consulting served as exclusive financial advisor to Dixie LP Gas and Gas Heat, providing valuation guidance, confidential buyer outreach, transaction strategy, negotiation support, and due diligence coordination. Chad Pendill, Dustin Shafer, and Tyler Pendill managed the transaction, which marks Legacy Energy Consulting’s fourth transaction in 2026 and thirty-first transaction since 2020.

More Completed Sales

J-M Transport logo, a Millington, Illinois propane and liquid bulk transportation company acquired by Hilco

J-M Transport

By Chad Pendill • September 29, 2026
Learn about our sale of J-M Transport, a propane and liquid bulk carrier in Millington, IL, to Hilco. Crystal Flash and Legacy Energy Consulting closed the deal.
O'Connell Oil Company

O’Connell Oil Company

By Karlie Mosher • July 6, 2026
Learn how we delivered comprehensive merger & acquisition services for the sale of O'Connell Oil Company to Central Farm Service headquartered in Truman, MN.
Legacy Propane LLC

Legacy Propane LLC

By Karlie Mosher • June 1, 2026
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.