Sale of Rivet Energy

Canterbury Partners is pleased to have acted as advisor in the divestment of Rivet Energy to Elgas Limited (‘Elgas’).

Rivet Energy is a leading gas and liquid fuel transportation and distribution service provider across Australia and is the largest liquefied petroleum gas (‘LPG’) fleet operator in the country.

As the leading supplier of LPG for residential, commercial and light industrial customers in Australia, Elgas relies upon the services provided by Rivet Energy to safely deliver LPG to thousands of customers across the country.

Rivet Energy General Manager, Mark Anderson, said he was delighted to expand the longstanding, productive partnership between Rivet Energy and Elgas.

“Our transport industry experience and specialist workshops in key metropolitan locations throughout Australia will be a valuable addition to the Elgas transport fleet and delivery services for customers.”

The transaction provides an exit to a synergistic buyer and secures the national LPG supply chain into the future.