Reliable Energy Expands Its Reach with Economy Propane Acquisition
Reliable Energy Partners, an innovative growth platform focused on serving both residential and commercial propane customers, is excited to announce a significant acquisition that marks a crucial milestone in its business strategy.
The company has successfully acquired Economy Propane, a prominent bulk-propane distributor with a robust reputation for delivering exceptional service. Headquartered in Baltimore, Maryland, Economy Propane has a proven track record, providing reliable propane services to numerous clients across the Mid-Atlantic region. This acquisition not only strengthens Reliable Energy’s operational capabilities but also enhances its strategic growth plan across several key markets.
Sean Daugherty, CEO of Reliable Energy Partners, expressed his enthusiasm about the acquisition, saying, "Economy has a strong reputation for safety and service excellence in the propane sector. By integrating Economy into our operations, we are diversifying our offerings and entering new areas where we can better serve both commercial and residential clients. We eagerly anticipate collaborating with Josh McKnew, as well as continuing the legacy established by the previous owners, Doug McKnew and Bobby Perry."
Michael Khutorsky, Senior Managing Director at Soundcore, which supports Reliable Energy, commented, "Our mission is to create a top-tier, multi-regional propane distribution network. The addition of Economy aligns perfectly with our strategic objectives, augmenting our previous acquisitions and paving the way for substantial growth opportunities in various sectors, including residential and industrial markets."
Economy Propane represents Soundcore's ongoing commitment to partnering with businesses that have strong foundations and potential for growth. Josh Garfunkel, Vice President at Soundcore, mentioned, "This acquisition is a testament to our ability to support founder-led businesses in achieving their goals. We are looking forward to aiding the Economy team in both their organic and expansion initiatives."
Reliable Energy's comprehensive growth strategy is centered around organic expansion, complemented by selective acquisitions. The company is dedicated to providing its operating partners with the needed capital, resources, and expertise while maintaining the local service touch that customers value most. This meticulous approach ensures that Reliable Energy continues to be a preferred provider in the propane industry.
Important details such as the financial terms of this acquisition have not been disclosed. However, the synergy between Reliable Energy and Economy Propane is expected to be beneficial for both entities, their employees, and their customers.
About Soundcore
Soundcore Capital Partners, established in 2015 and based in New York, is a specialized private equity firm focusing on buy-and-build investments primarily in the lower middle-market sector across North America. The firm has executed over 110 acquisitions across fourteen platforms and emphasizes sectors such as industrial services, specialty manufacturing, and value-added distribution.
Soundcore is actively scouting for additional acquisition opportunities and is committed to bolstering its existing portfolio. Interested partners are encouraged to reach out for collaboration prospects.
About Reliable Energy Partners
Headquartered in Tampa, Florida, Reliable Energy Partners is dedicated to providing superior energy solutions tailored to a diverse clientele. The company emphasizes its commitment to community engagement and delivering safe, affordable, and sustainable propane-based fuel options. Founded in 2025 and wholly owned by Soundcore Capital Partners, Reliable Energy aims to forge strategic partnerships within the propane market while actively seeking growth opportunities.
Frequently Asked Questions
What is the significance of Reliable Energy acquiring Economy Propane?
This acquisition allows Reliable Energy to expand its operational footprint and enhance its service offerings in the propane distribution sector.
Who were the previous owners of Economy Propane?
Economy Propane was previously owned by Doug McKnew and Bobby Perry, who established the company's strong reputation for service excellence.
What markets does Reliable Energy focus on?
Reliable Energy focuses on providing services in various markets, including residential, commercial, and industrial clients across multiple regions.
Why is Soundcore involved with Reliable Energy?
Soundcore Capital Partners supports Reliable Energy's growth strategy and investment initiatives, helping to achieve its objectives in the propane industry.
When was Reliable Energy founded?
Reliable Energy Partners was established in 2025 and has since aimed to deliver exceptional energy solutions and create strategic partnerships in the propane sector.
