Written on: January 9, 2023
Ferrellgas Purchases Rez Bear Propane
Harris, New York – December 19, 2022 – Blue Peak Resources, a merger, and acquisitions consulting firm, is pleased to announce the sale of Rez Bear Propane of Harris, NY, to Ferrellgas, a nationwide propane retailer headquartered in Overland Park, KS.
Rez Bear Propane has been committed to offering customers in Sullivan, Orange and Eastern Ulster counties top-notch propane service and cutting-edge products over the past years. The company was founded in 2016 by Randy Resnick and Bobby Mapes, two experienced and successful entrepreneurs that joined forces to start a separately run company called Rez-Bear Propane. With a focus on exceptional service from a well-trained and long-tenured staff, the company has experienced significant growth over the past six years. Both Bobby and Randy were committed to finding a buyer that is known for dependable service, safe practices and for offering cutting edge products. They found it in Ferrellgas. Bobby and Randy will now focus their attention on their other non-propane business entities, which were not part of the sale and will remain independently run under their individual leadership.
“Ferrellgas is the right company to continue what we started. Our customers and our employees will be in great hands with Ferrellgas,” said Bobby Mapes. He added, “Blue Peak Resources was the perfect company for us to hire, they helped us prepare our business for sale and did a great job finding the right buyer.”
“We are so appreciative that Bobby and Randy put their trust in our company. We are committed to ensuring our clients are comfortable with us, the process, and the outcome. Selling your business is a deeply personal and emotional decision and we take it very seriously,” said John Armentano, Partner – Blue Peak Resources.
About Blue Peak Resources
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or advise them on increasing the value of the business they have worked so many years to build. John Armentano and Mike Gioffre began this new venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value, and continue their legacy for generations.