Family office PIC Investment creates CanGas Propane

Canadian family office PIC Investment Group has created CanGas Propane Inc out of 13 propane distribution branches divested from Superior Propane Corp‘s 2017 buy of the Canwest Propane business of Gibson Energy Inc. No financial terms were released. CanGas, which has key locations in British Columbia and Alberta, will serve the needs of new and existing residential, commercial, and oil and gas, mining and other industrial customers throughout Western Canada. PIC President and CEO Greg Yuel said his firm will support the operations of the new company as well as its customer growth strategy.

PRESS RELEASE

CanGas Propane is created by PIC Investment Group Inc.

SASKATOON, April 30, 2018 /CNW/ – PIC Investment Group Inc. (PIC) today announced the creation of CanGas Propane resulting from the acquisition of 13 propane distribution branches divested from the Superior Propane acquisition of Canwest from Gibson Energy.

“While CanGas may be a new company, we are delighted to welcome the existing employees at our branch locations, all who share our values of service, responsiveness, and Customer Care. We are proud to welcome the CanGas team into the PIC family,” said PIC President & CEO Greg Yuel.

CanGas is a brand new company, created to serve the needs of residential, commercial, and oil & gas, mining and industrial Customers throughout Western Canada.

“In the Deep Basin Region we have branches in Hay River, Sexsmith and an Agent in Rainbow Lake. In the Cypress Region we have branches in Kindersley, Swift Current and Medicine Hat. In British Columbia we operate out of four Regions; East Kootenay (Golden), West Kootenay (Castlegar), The Interior Region includes Kamloops, Valemount, and Prince George. In Port Hardy we have two Agents.”

CanGas employees will continue to serve their previous Customers and the company will work hard to expand the Customer base by adding capacity and branches”

“In each area we have the same people taking care of our Customers minimizing disruption. We are grateful to have everyone continue to grow an exciting new future for CanGas,” said Yuel.

The PIC Group is eager to assist the CanGas growth strategy.

“We are all going to work hard to add Customers that prefer a decentralized approach in their experience. The sister companies of CanGas can help identify Customers who they feel CanGas can deliver real value to,” Yuel continues, “Our job at PIC is support the operations and help CanGas grow.”

PIC Investment Group is a family office, based in Saskatoon, with investments in several businesses silos, including: water treatment chemical production & distribution, oilfield chemical packaging & distribution, transportation, real estate, insurance, project management and tourism.

For further information: CanGas Propane Inc., Phone: (306)664-3910, Toll Free: (833) 875-7711, Email: help@cangaspropane.ca

Photo courtesy of Canwest Propane Ltd