DCC Propane Completes Acquisition of Kentucky-based Greenwell’s Propane Gas
Deal increases DCC Propane’s customer base in Kentucky to more than 31,500
Lisle, IL – Dec. 29, 2021 – Propane retailer DCC Propane, LLC, recently increased its footprint in the “Bluegrass State” with the acquisition of Greenwell’s Propane Gas, a propane supplier located 30 miles south of Louisville in Taylorsville, Kentucky.
Finalized at the beginning of December, DCC’s addition of Greenwell’s comes less than a year after it purchased the Paducah, Kentucky-based United Propane Gas. Acquiring Greenwell’s will add another 2,600 customers for DCC bringing the total number it serves in Kentucky to more than 31,500. The deal is also the first bolt-on to the UPG acquisition, according to DCC Propane CEO Matt Dantinne.
“We completed the UPG acquisition last December so to have such a highly strategic and synergistic follow-on acquisition in the UPG footprint in under a year is very noteworthy and something we are very excited about,” Dantinne said. “One of the additional reasons we wanted to acquire UPG was to have their platform to provide for future growth like the acquisition of Greenwell’s Propane.”
As part of the deal, DCC will acquire two properties located in Taylorsville that are owned and utilized by Greenwell’s. The larger of the two properties includes a business office and a parking lot for its vehicles. The second property houses four, 30,000-gallon bulk tanks, a shed and a concrete filling dock. Seven Greenwell’s employees will also be joining the DCC team as part of the acquisition, according to Dantinne.
Greenwell’s was founded in the late 1940s by brothers Henry and Paul Greenwell. Henry’s daughter, Jennifer Baxter, was Greenwell’s general manager and said while it was difficult to part with the business her father and uncle started more than 75 years ago she is confident she is leaving her customers and employees in “very good hands.”
“DCC Propane is a well-run company with a great reputation in the propane industry for excellent customer service and a safety-first mentality,” Baxter said. “DCC was very professional, detailed and efficient which gave me great confidence in the company taking over our operations. They spent a good amount of time learning our customer service policies and procedures in order to make a smooth transition for the customers and employees.”
Greenwell’s is known in the area for its reliable service and exceptional customer care, two trademarks Baxter said made her “very proud.”
“Our customers are our friends, neighbors and families – some of them for a few generations,” she said. “Our propane business was built on customer relationships with our drivers, customer service reps, managers and owners.”
Greenwell’s is also known for its attention-grabbing bright pink bobtails. In 2010, Greenwell’s painted a bobtail pink to honor Mary Lucy Greenwell, Henry’s wife and a breast cancer survivor, as well as to support the Susan G. Komen foundation.
“The public’s response to the pink truck was so positive that a second truck was painted pink in 2015 and a third in 2021,” said Mike Mendoza, an employee of Greenwell’s since 2008 who is joining DCC Propane as the new District Manager of its Cynthiana District. “When you are driving one of the pink trucks you almost feel like you are in a parade because people will wave at you or flag you down to tell you how awesome it is that we are supporting breast cancer awareness and research.
“The relationship we have with our customers is incredible.”