A Maryland-based propane supplier has expanded its reach in the Northland with the acquisition of North Shore Oil & Propane.
ThompsonGas, headquartered in Frederick, Md., made its entry into the area in 2015 with the purchase of Duluth-based Como Oil & Propane. With Thursday's announcement, it adds heating, plumbing and automobile services for Silver Bay and surrounding communities.
"Wade Leblanc built a company with strong values and a commitment to customer service," Derek Ashmore, regional vice president for ThompsonGas, said in a statement. "The opportunity to carry on his legacy with North Shore Oil & Propane is truly an honor. We look forward offering additional value and services to the community."
North Shore has been in business for more than 50 years. Como, which dates back more than 70 years, has retained its identity and staff under ThompsonGas, and CEO George Koloroutis said North Shore customers shouldn't expect to see significant changes either.
"At this time, we do not have plans to change the brand or reduce the staff," Koloroutis told the News Tribune. "Much like Como, we like the brand and think it resonates with the customers."
Family-owned and operated since 1946, ThompsonGas boasts of being one of the 15 largest propane companies in the U.S., with more than 87,000 residential and commercial customers across 14 states.
"This is a smart next step for the future of North Shore Oil & Propane," Ashmore said. "Our two companies will blend together smoothly with a renewed focus on our customers. This acquisition will allow us to strengthen our service offering to customers to include better efficiencies, enhanced fuel ordering technology and a better overall value."
Financial terms of the transaction were not disclosed.