Written on: February 8, 2026
HOUSTON, Texas – Cetane Associates (“Cetane”) is pleased to announce that Reliable Energy Partners (“Reliable”), located in Tampa, Fla., and a portfolio company of Soundcore Capital Partners, has acquired Irvington Gas Holding Company, Inc. (“Irvington Gas”) located in Irvington, Ky. The transaction closed on February 3, 2025.
Irvington Gas is a third-generation, family-owned propane provider, proudly serving Kentucky since 1932. Founded by P.L. Kasey, the company has evolved from an early gasoline distributor into a trusted propane and natural gas provider, built on decades of reliability, quality service, and personal customer relationships. Brothers Kerry and Kevin Kasey have continued the legacy of hands-on leadership and dependable energy solutions spanning more than 90 years. Kevin Kasey, co-owner of Irvington Gas, commented, “Kerry and I are very pleased with the outcome of the sale. Letting go of a third-generation family business was not a decision we took lightly, but the process affirmed that it was the right one. Joe Rosengrant and the team at Cetane did an exceptional job guiding us through every step. They helped us find the right business partner, one that aligns with our values, and we are excited to partner with Reliable Energy as they lead our company forward and continue to care for our employees and customers.”
Reliable provides safe, affordable, and sustainable energy solutions to a broad customer base and is committed to building strategic partnerships with propane business owners while fostering growth through strong customer and community relationships. Sean Daugherty, CEO of Reliable, said, “Irvington Gas is an outstanding company with a long-standing reputation for taking care of its customers and employees. We have great respect for the Kasey family and the legacy they’ve built over generations, and we are committed to honoring that legacy by continuing the same high level of service and care. We look forward to welcoming the Irvington team and its customers into the Reliable family.”
Joe Rosengrant, Director of Business Development at Cetane Associates, commented, “Working with Kerry and Kevin was an absolute pleasure. Their multigenerational business is exceptional, and helping with a milestone like this is truly rewarding. We wish them all the best as they close this chapter and look forward to the next”
Cetane served as the sole arranger for Irvington Gas. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms, and coordinating the due diligence process. Team members Joe Rosengrant, Trey Brasseaux, Fred Lord, and Whitney Parsley managed the transaction.
About Cetane Associates
Cetane is a leading provider of financial advisory services to business owners in the propane, heating oil, pest control, lawn care, landscaping, and HVAC & plumbing industries. Clients engage Cetane to advise on sales, spin-offs, and acquisitions, as well as to perform valuation and ad hoc corporate finance assignments. For more information, please visit www.cetane.com.
