The Legacy Energy Consulting Business Sale Process: Edition 7 of 7

October 20, 2026


Closing is the final stage of the sale process, but it is not simply a signature event. It requires coordinated legal, financial, operational, employee, customer, vendor, and transition planning so the business can transfer smoothly and continue serving customers without disruption.


What closing involves: The parties coordinate final documents, funding, asset transfers, working capital and inventory items, permits, employee communication, customer messaging, vendor relationships, systems access, and post-closing obligations.


Why guidance matters: A successful closing protects both the transaction and the business itself. Legacy Energy Consulting helps coordinate the moving parts so our client can complete the sale with confidence and support a smooth transition for employees, customers, and the buyer.

Client Testimonial

"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."


Jennifer Anderson, Gatorgas, Old Town, FL

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.