Knapp Energy, Inc. (“Knapp”), a leading distributor of fuel, lubricants and propane to commercial and residential customers, has been acquired by Crystal Flash, an employee-owned energy distribution company. The acquisition enabled Crystal Flash to expand its capabilities, footprint and talent. All employees of Knapp were retained.
In the past 55 years or so, Knapp has grown from a small one-truck operation in Kalamazoo, MI, to a regional supplier of propane, heating oil, diesel fuel, gasoline and over 800 industrial lubricants. As southwest Michigan’s most complete energy source, we deliver the energy services that keep homes warm, industry productive, transportation rolling and agriculture growing. Most importantly, over the years, we’ve never strayed from our core principles of giving back to our community and being thought of as a dependable neighbor. www.knappenergy.com
Crystal Flash is an employee-owned energy distribution company focused on commercial and residential customers throughout the Lower Peninsula of Michigan. Established in 1932, Crystal Flash has grown as the demand for energy has evolved, and today concentrates on the sale and distribution of propane, diesel and other fuels. The company is one of the largest independently owned energy suppliers in the state, with more than 250 employees in 16 locations.
Cascade Partners (BlueWater Partners) acted as the exclusive financial advisor, and Lewis Reed & Allen acted as the legal counsel to Knapp for this transaction.
Update: BlueWater Partners has joined Cascade Partners. Read more here.