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Paraco Gas History

Paraco Gas History

Paraco is a family-owned and operated business started by Pat Armentano in 1968.

Growing from its early days as a welding and industrial gas supplier in the New York City area under the name Patsems, Inc., the company expanded through acquisitions and internal growth, eventually consolidating and focusing its business to become one of the largest propane energy marketing companies in the U.S.

The company is proud to have been led in its early days by such a visionary entrepreneur — and to be led today by his son, Joseph Armentano, as he ushers in a new era of Paraco innovation and service.

We continue to be guided by the values that Pat brought to the business and look forward to serving our customers in the years ahead.

Paraco Timeline

1968 – Pat Armentano forms Patsems, Inc., a welding supply distributor based in Mount Vernon, New York.

December 1979 – Patsems purchases Paraco Fuel Corporation, a fuel oil and propane distributor in Peekskill, New York. The transaction adds 500,000 gallons of retail propane and 700,000 gallons of No. #2 oil.

June 1985 – Paraco purchases Suburban Propane’s Long Island operation in Smithtown and Shirley, New York. Annual sales purchased included 2.5 million gallons in retail propane.

January 1987 – Joe Armentano promoted to CEO. Pat Armentano becomes Chairman of the Board.

July 1994 – Paraco purchases Furman Gas Company in Ballston Spa, New York, a 500,000-gallon propane distributor. This was the company’s first acquisition in upstate New York.

December 1996 – Paraco sells its industrial gas interests to AGA Gas, Inc.

December 1996 – Paraco purchases Airgas Northeast bulk propane division in Stratford, Connecticut, a 1.2 million-gallon propane distributor.

August 2004 – Paraco purchases the assets and customer lists of AmeriGas from their New Hyde Park, New York, and Catskill, New York, locations, acquiring a total of approximately 1 million gallons.

July 2005 – Paraco purchases Long Island Bottled Gas in Bay Shore, New York. The purchase includes 550,000 gallons of retail propane and adds nearly 4,000 customers. The location, which includes 90,000 gallons of propane storage, also allows Paraco to divest its Smithtown property.

July 2005 – Paraco purchases AmeriGas in Brewster, New York. The purchase includes 650,000 gallons of retail propane and adds 1,600 customers.

August 2005 – Paraco purchases Traugers LP Gas in Dalton, Pennsylvania. The purchase, Paraco’s first entry into the Pennsylvania market, includes 700,000 gallons of retail propane and adds more than 1,700 customers.

January 2006 – Paraco purchases Colonial Gas in Saugerties and Tannersville, New York. This purchase includes 2.3 million gallons of retail propane and adds 6,500 customers. This acquisition, when combined with Paraco’s existing locations, creates a “Super Region” in the Hudson Valley.

November 2006 – Paraco purchases Rounds Propane in Brackney, Pennsylvania. This purchase, which furthers Paraco’s reach in the Pennsylvania market, includes 1.2 million gallons of retail propane and adds 2,200 customers.

October 2007 – Paraco purchases Blackstone Propane, enabling expansion into Massachusetts and Rhode Island. The purchase includes 400,000 retail gallons and adds 1,000 customers.

December 2007 – Paraco purchases Blue Flame Gas in Dennisville, New Jersey, the company’s first acquisition in New Jersey. The purchase includes 1.9 million retail gallons and adds approximately 4,000 customers in Cape May, Atlantic and Cumberland counties.

October 2008 – Paraco purchases the propane assets and customer list of HL Propane in New Lebanon, New York. The purchase includes 1.2 million retail gallons and adds 1,700 customers.

February 2009 – Paraco purchases the New York operations of Able Energy in Warrensburg, New York, adding 750,000 gallons of propane and 1,750 customers in towns and municipalities throughout Warren, Saratoga, Washington and Essex counties.

September 2009 – Paraco purchases the propane assets and customer list of Smokey Heller & Sons in Susquehanna, Pennsylvania. The purchase includes 500,000 gallons of retail propane and adds 1,900 customers.

March 2010 – Paraco purchases Eastern Shore Propane & Appliance in Belle Haven, Virginia, and Bowden Gas in Norfolk, Virginia. The combined locations add more than 500,000 gallons and enables expansion into a new territory for Paraco Gas.

November 2010 – Paraco purchases Vitale Bottled Gas in Bohemia, New York. The transaction includes more than 2 million gallons of retail propane and adds 6,500 residential and commercial customers throughout Long Island.

January 2012 – Paraco enters into joint ventures with Georgia-based Atlanta Propane Exchange, Florida-based Florida Lift Gas and Illinois-based Tri-State Propane Exchange. The combined total of retail gallons for all three companies is approximately 3,000,000. The transaction expands Paraco’s territory in motor fuel and exchange.

January 2012 – Paraco opens a regional headquarters location under the name Paraco South in Charlotte, North Carolina. This location enables the company to better serve and support new joint venture partners. This location is now home for the Paraco Gas marketing department and inside sales teams as well as the executive offices for Paraco South.

June 2012 – Paraco purchases Cloyd Howard Company in Walden, New York, adding 300,000 gallons of retail propane and 2,000 residential and commercial customers.

September 2012 – Paraco South LLC announces opening of South Florida Lift Gas in Miami, Florida.

February 2013 – Paraco South opens Denver Propane Exchange in Brighton, Colorado servicing the greater Denver area.

August 2013 – Paraco Gas Corporation acquires the Long Island, New York, customer base of AmeriGas. With the acquisition will now have 40,000 customers on Long Island.

August 2014 – Paraco South opens Mid-Atlantic Propane Exchange servicing Baltimore, Maryland area.

August 2014 – Entered into Joint Venture with Gateway Propane servicing greater St. Louis metro area.

December 2014 – Opened Nashville Propane Exchange in Nashville, Tennessee.

January 2015 – Paraco Gas acquires the propane division of Kingston Oil Supply Corp. (Kosco) and forms a strategic partnership of their fuel oil business.  The acquisition and alliance will offer various benefits to both companies’ customers, as well as an array of products and services. Customers can expect to further benefit from marketing and energy programs.

January 2015 – Paraco South enters into a Joint Venture with North Carolina Propane Exchange servicing the greater Charlotte, NC metro area.

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