Propane supplier Polar Gas bought in private equity roll-up

BRIGHTON — Polar Gas was sold to Frederick, Maryland-based ThompsonGas LLC on undisclosed terms, trade news reports said.

Polar has eight locations in Colorado including Greeley, Estes Park, Fort Lupton and Briggsdale. It’s run by Nathan and Chris Reed, reports said, and is a dba for PGI Ventures Inc., secretary of state filings show.

“The Reed family has built a legacy of quality and hard work,” ThompsonGas CEO Jeff Kerns said in one news report.

ThompsonGas has since January 2015 been owned by Redwood Capital Investments, a family office and investment vehicle for Jim Davis, co-founder of global staffing firm Allegis Group. Forbes…