Platform Fuels, a propane company focused on the future while still honoring the legacy of independent local propane marketers, has appointed Steve Wambold Chief Executive Officer.
After successfully leading large teams as CEO of Ferrellgas and Team Drive-Away, Steve has become a sought-after consultant to business owners and is an active and influential member of the National Propane Gas Association.
“Steve’s experience and relationships in the propane space are unrivaled. We couldn’t ask for a more seasoned professional to lead our team forward,” said Jake Walker, Platform Fuels partner.
During his nearly 20-year tenure with Ferrellgas, Steve rose through the ranks from a single branch manager to CEO. He oversaw 900+ retail locations and 45,000 Blue Rhino selling sites and executed over 50 acquisitions while growing propane related EBITDA $150M for the $2B company before his exit in 2016.
When Platform Fuels boldly entered the propane industry in 2020 with its acquisition of six family-owned propane businesses in Oklahoma, among those who noticed was Wambold, who became intrigued by the company’s commitment to continue the legacy, spirit and success of local propane business owners and operators while building and scaling a nationwide portfolio of consolidated independent propane marketers both large and small.
“I’m delighted to join the board of Platform Fuels. They’ve entered the propane space very strategically, with a singular focus on the future of the propane industry, and I am quite optimistic about the future of this company and the independent propane marketers it serves,” Wambold said.
Steve adds, “I very much look forward to working with potential sellers personally and developing customized exit strategies and purchase agreements around their individual needs and goals.”
“I’m confident Platform Fuel’s growth plan positions all concerned for success in the short term and for years to come. I couldn’t be more excited to get started.”