Suburban Propane is a leading nationwide distributor of propane, fuel oil, natural gas, and electricity, with over 1 million customers in 41 states. The company, founded in 1928 and headquartered in Whippany, NJ, celebrated its 90th anniversary in 2018.
The company's commitment to safety and customer service has been a cornerstone of its 90-year legacy. Through its SuburbanCares pillar, Suburban Propane is dedicated to giving back to the local communities it serves and has various employee-focused initiatives and philanthropic endeavors. Additionally, under its Go Green with Suburban Propane pillar, the company is focused on developing innovative solutions to reduce the emissions profile of propane and promote its clean and versatile nature as a bridge to a green energy future.
Recently, the company secured a substantial $500.00 million post-IPO debt investment on 18 March 2024, reflecting investor confidence in its vision and operations.
Suburban Propane's emphasis on community, sustainability, and innovation positions it as a compelling investment opportunity in the energy sector.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Debt | $500.00M | - | 18 Mar 2024 |
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