LP Construction and Meter Services
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LP Construction and Meter Services - overview
Established
2003
Location
-, CA, US
Primary Industry
Oil & Gas
About
LP Construction and Meter Services, based in the US, specializes in propane storage and dispensing solutions, focusing on design, installation, maintenance, and emergency repair services for clients in the propane market. LP Construction and Meter Services focuses on providing propane storage and dispensing solutions. Founded in 2003 in the US, the company has engaged in one notable deal. In July 2021, Superior Plus Corp.
, part of Brookfield Asset Management, acquired LP Construction and Meter Services, with the transaction completed in March 2022. The company's founder has a background in establishing such specialized service firms. LPCAMS Energy specializes in comprehensive propane storage and dispensing solutions for propane marketers and bulk users, particularly in California. Core offerings include the design, installation, maintenance, and repair of bulk LP storage tanks, dispensers, and Autogas systems, alongside 24/7 emergency repair services.
They customize services, including meter proving for bobtail trucks and retail dispensers, to help clients comply with safety regulations and enhance operational efficiency in the propane sector. LPCAMS Energy generates revenue primarily through service contracts and project-based transactions with propane businesses. Their model includes ongoing contracts for installation and maintenance, creating a steady revenue stream through business-to-business engagements. The pricing structure is based on service complexity and project scope, ensuring sustainability through both new installations and ongoing service agreements.
The acquisition by Superior Plus Corp. allows for an expanded propane distribution business in California, aiming to create a large operating platform in the Western U. S. to leverage synergies and future acquisitions.
The specifics of upcoming products or new market expansions were not disclosed, but the focus remains on enhancing operations within established regions and potentially exploring further opportunities over the next few years.
Current Investors
Superior Plus Corp.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Petroleum Wholesale Distribution
Website
www.lpcams.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
LP Construction and Meter Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | LP Construction and Meter Services | - |
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