CT Acquisitions' buy-side M&A guide, updated June 6, 2026, puts the current range for a US propane distribution sale at 5x to 9x EBITDA. A single-territory dealer with under $1.5M EBITDA sits at the 4x-6x end; add multi-state scale, residential mix and 70%-plus customer-tank ownership to reach 7x-9x-plus. For owners weighing succession or a sale, tank ownership is the variable worth checking first.
Originally published on Propane Insider.