Vantage Commercial Facilitates Off-Market Sale of Propane Company in Hainesport, NJ
CHERRY HILL, NJ / ACCESSWIRE / September 9, 2021 / Vantage Commercial is pleased to announce the sale of a large, family-run, propane company based out of Hainesport, NJ. Penn Jersey Propane operates a bulk plant along with several bobtail trucks, used to service their large customer base in both New Jersey and Pennsylvania.
Ken Richardson, Executive Director at Vantage Commercial, worked with Bob Campbell, owner of Penn Jersey Propane, to source a buyer for the off-market asset. Ken and his team leveraged their network and secured an interested party within weeks of ownership deciding to sell the company.
“I appreciated Ken helping me sell my business and working through the normal deal dynamics along the way,” Campbell stated.
Chris Kauffman, President at Kauffman Gas, was the lead on the buyer’s side. Since 1943, Kauffman Gas has serviced residences and businesses in Southeastern Pennsylvania and Northern Delaware. Acquiring Penn Jersey Propane enabled Kauffman Gas to expand into the New Jersey market.
“It was a pleasure working with Ken and Bob throughout the process. Our companies were very well aligned, and the deal went smoothly,” Kauffman stated.
“Penn Jersey and Kauffman Gas are a natural fit. From the initial meeting, Bob and Chris talked about propane, and the deal developed from that point. I am pleased that I was able to meet the goals of both families in this transaction,” Richardson stated.
About Vantage Commercial: Headquartered in Cherry Hill, NJ, and Philadelphia, Pa, Vantage Commercial is a full-service commercial real estate brokerage and advisory firm serving New Jersey, Philadelphia, and Eastern Pennsylvania. Vantage Commercial specializes in all aspects of commercial real estate including Landlord Representation, Tenant Representation, Healthcare Real Estate Services, Investment Sales and Acquisitions, Multi-Family Sales and Acquisitions, Business Brokerage, Land Sales, Land Development, Property Management, Property Valuations, and Advisory. Vantage Commercial is guided by the core belief that in order to achieve success, we must think like a client but perform like a partner. We have the optimal team in place to service any commercial real estate project and we work hard to achieve our client’s goals. Each member of the Vantage Commercial team brings a unique background and perspective to the market. Combined, we have tremendous, unmatched experience that shows in our success in the CRE market in New Jersey and Pennsylvania.
To learn more about our team, services, or to contact us, please visit www.VantageRES.com
SOURCE: Vantage Real Estate Services
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