Stratrix
On the Record · Suburban Propane Partners

Suburban Propane Partners acquisitions, on the record

The businesses Suburban Propane Partners bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
a platform of RNG production assets from Equilibrium Capital Group
Word for word“On December 28, 2022, Suburban Renewable Energy acquired a platform of RNG production assets from Equilibrium Capital Group (“Equilibrium”), a leading sustainability-driven asset management firm.” 10-K for 2023
acquisitionDecember 28, 2022—
a well-run propane business in Washington state
Word for word“We acquired and successfully integrated a well-run propane business in an attractive market in Washington state;” 10-K for 2023
acquisition——
RNG production assets platform from Equilibrium Capital Group
Word for word“On December 28, 2022, Suburban Renewable Energy acquired a platform of RNG production assets (the “RNG Acquisition”) from Equilibrium Capital Group (“Equilibrium”), a leading sustainability-driven asset management firm.” 10-K for 2024
acquisitionOn December 28, 2022—
25% equity interest in Independence Hydrogen, Inc.
Word for word“During fiscal 2022, Suburban Renewable Energy acquired a 25% equity interest in Independence Hydrogen, Inc. (“IH”), a veteran-owned and operated, privately held company developing a gaseous hydrogen ecosystem to deliver locally sourced hydrogen to local markets, with a primary focus on material handling and backup power applications.” 10-K for 2024
acquisitionDuring fiscal 2022—
38% equity interest in Oberon Fuels, Inc.
Word for word“During fiscal 2020, our Operating Partnership acquired a 38% equity interest in Oberon Fuels, Inc. (“Oberon”), which is a development-stage producer of low carbon renewable dimethyl ether (“rDME”) transportation fuel.” 10-K for 2024
acquisitionDuring fiscal 2020—
three well-run retail propane businesses in Florida, Nevada and Texas
Word for word“We acquired three well-run retail propane businesses in Florida, Nevada and Texas for total consideration of $14.3 million during fiscal 2024; and in early fiscal 2025, we acquired a high-quality propane business that expanded our service territories in New Mexico and Arizona for total consideration of $53 million;” 10-K for 2024
acquisitionduring fiscal 2024$14.3 million
high-quality propane business expanding service territories in New Mexico and Arizona
Word for word“We acquired three well-run retail propane businesses in Florida, Nevada and Texas for total consideration of $14.3 million during fiscal 2024; and in early fiscal 2025, we acquired a high-quality propane business that expanded our service territories in New Mexico and Arizona for total consideration of $53 million;” 10-K for 2024
acquisitionin early fiscal 2025$53 million
platform of RNG production assets from Equilibrium Capital Group
Word for word“On December 28, 2022, Suburban Renewable Energy acquired a platform of RNG production assets (the “RNG Acquisition”) from Equilibrium Capital Group (“Equilibrium”), a leading sustainability-driven asset management firm.” 10-K for 2025
acquisitionDecember 28, 2022—
propane business in strategic markets in New Mexico and Arizona
Word for word“• We acquired and integrated a well-run propane business in strategic markets in New Mexico and Arizona for total consideration of approximately $53.0 million; • We acquired two high-quality propane businesses in attractive markets in California for total consideration of $24.0 million shortly after the end of fiscal 2025; • We created a dedicated sales and business development team focused on specific propane verticals that are less weather sensitive; • We continued to identify and foster new market expansion efforts to establish or extend our presence and grow market share; • We entered into a multi-year partnership with NASCAR and Speedway Motorsports, making Suburban Propane the official propane partner of NASCAR and Speedway Motorsports; • We expanded our renewable natural gas (“RNG”) operations team, which enabled us to internally manage key compliance functions and drive operational and safety excellence at our RNG production facilities; and we continued to advance our capital projects to construct an anaerobic digester system in upstate New York and install gas upgrade equipment at our existing anaerobic digestion facility in Columbus, Ohio; • We launched an ATM equity program to sell up to $100.0 million of newly issued Common Units, raising $23.5 million in net proceeds from the sale of 1.3 million Common Units.” 10-K for 2025
acquisition—approximately $53.0 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-09-24$42.9 million$21.5 million$14.7 million
2017-09-30$0$0—
2018-09-29$14.9 million$2.8 million—
2019-09-28$19.3 million$0$4.6 million
2020-09-26$25.6 million$0$5.7 million
2021-09-25$8.7 million$0$3.2 million
2022-09-24$56.1 million$850,000$6.8 million
2023-09-30$130.1 million$0$35.4 million
2024-09-28$25.2 million$0$2.5 million
2025-09-27$59.5 million—$6.6 million

Deal filings since 2016

Read from Suburban Propane Partners’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.