Private Equity Rollup Targets Cape Cod Propane Business, Raising Antitrust Concerns
By
Robert Kuttner
22d ago· 8 min readenInsight
Summary
A former Prospect intern's article in The Provincetown Independent reveals how private equity firm Inyarek Partners acquired F.A. Days and Sons, a three-generation family propane business on Cape Cod, and created Guardian Propane Partners to dominate local propane supply. The piece highlights how private equity rollups are targeting even small, local essential services like propane delivery, raising concerns about market concentration and the adequacy of antitrust enforcement.
Source
bskyPrivate Equity Rollup Targets Cape Cod Propane Business, Raising Antitrust Concernsprospect.orgKey quotes
· 3 pulledOur former Prospect intern Jack Styler recently wrote a terrific piece in The Provincetown Independent revealing how a private equity company is seeking to roll up the humble business of propane and heating oil supply and delivery on Cape Cod.
F.A. Days and Sons, a three-generation family company with 7,000 accounts, was sold to Inyarek Partners, a PE outfit which in turn created a platform called Guardian Propane Partners to dominate local propane supply.
It's not clear what other Cape Cod acquisitions are planned, but the rollup business model calls for seeking market dominance
Is antitrust enforcement equal to the challenge of defeating the most prevalent abuses?
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