Vantage Commercial said Sept. 9 it sold Penn Jersey Propane – a large, family-run, propane company based out of Hainesport – to Kauffman Gas.
Penn Jersey operates a bulk plant along with several bobtail trucks in New Jersey and Pennsylvania and acquiring it enabled Pennsylvania-based Kauffman Gas to expand into the New Jersey market.
Ken Richardson, executive director at Vantage, worked with Penn Jersey’s owner Bob Campbell to source a buyer for the off-market asset. Richardson and his team leveraged their network and found Chris Kauffman, president at Kauffman Gas.
Since 1943, Kauffman Gas has serviced residences and businesses in southeastern Pennsylvania and northern Delaware.
“I appreciated Ken helping me sell my business and working through the normal deal dynamics along the way,” Campbell stated.
“Penn Jersey and Kauffman Gas are a natural fit. From the initial meeting, Bob and Chris talked about propane and the deal developed from that point. I am pleased that I was able to meet the goals of both families in this transaction,” Richardson stated.