Why Experience Matters

Navigating an Extreme Event

Granted, this was an extreme situation, however Chad Pendill owner of Legacy Energy Consulting was able to navigate a successful closing.


This particularly unusual challenge arose for Legacy Energy Consulting when, after two months of marketing the business and finalizing an offer with our preferred buyer, the owner passed away just two weeks after the agreement was signed. This left both our team at Legacy Energy Consulting and his family responsible for completing due diligence and seeing the deal through to a successful closing for the propane business that Legacy Energy Consulting was contracted to sell.

Several factors contributed to successfully closing the sale under such circumstances.

Having a knowledgeable business broker who could guide everyone through complications proved invaluable. Selecting the right buyer also made a significant difference; many prospective buyers might have withdrawn following such a major and potentially disruptive event. Fortunately, our chosen buyer responded with integrity, helping expedite the closing process to bring closure to the family, staff, and customers.


While not every sale is marked by such dramatic hurdles, this case highlights the importance of partnering with an experienced, reputable company like Legacy Energy Consulting when selling your propane business. The industry experience of Chad Pendill really played an important role as Chad had to navigate a variety of emotions from all parties and still bridge the gap between the buyer and the seller during these unfortunate set of circumstances that no one could have planned for.

More Completed Sales

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'Connel 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.
Undisclosed Oklahoma Propane Company

Undisclosed Oklahoma Propane Company

By Karlie Mosher • November 3, 2025
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 .