Reliable Energy Partners has acquired Economy Propane, enhancing its service capabilities and market presence in the evolving propane industry.

Target Overview

Reliable Energy Partners, based in Tampa, Florida, has successfully acquired Economy Propane, LLC, a well-established company located in Baltimore, Maryland. This transaction, which closed on December 10, 2025, marks a significant milestone in the growth strategy for Reliable, a portfolio company of Soundcore Capital Partners. Founded in 2009 by Doug McKnew and Bobby Perry, Economy Propane has carved a niche in the propane industry by providing superior service and value amidst changing market dynamics. The company’s expansion includes a new storage facility and dedicated office building, enabling it to cater to a diverse client base consisting of major commercial and exceptional residential accounts.

The commitment of Economy Propane to customer satisfaction has been pivotal in its growth, reflecting a profound dedication to service excellence. Doug McKnew, co-owner of Economy Propane, expressed contentment regarding the sale, highlighting a smooth transition facilitated by Cetane Associates, which played a crucial role in navigating the complexities of the transaction.

Industry Overview

The propane industry in the United States has witnessed significant transformations in recent years, driven by a growing demand for clean energy alternatives. In particular, the industry has been buoyed by the increasing adoption of propane as