PETROLEUM HEAT AND POWER

What PETROLEUM HEAT AND POWER does

Petroleum Heat and Power, Inc. is a locally owned and operated provider of LP gas (propane) and HVAC services headquartered in Lac du Flambeau, Wisconsin, founded in 1987. The company serves both residential and small-business customers across the Lac du Flambeau and Minocqua markets in northern Wisconsin, with operations delivered through on-site contractors rather than a digital platform. Its core technology stack consists of conventional HVAC equipment sourced from major manufacturers (American Standard, Honeywell, LG Electronics, General Electric, Heat Controller); the company does not develop proprietary hardware or software.

The business operates four revenue streams: recurring propane delivery (automated delivery plans, prepaid cost-saving plans, on-demand delivery, and cylinder refills/exchanges), one-time HVAC installation projects (new construction, remodeling, and retrofitting, including duct work), recurring HVAC repair and maintenance contracts for furnaces, boilers, water heaters, and air conditioning equipment, and equipment sales (furnaces, heat pumps, boilers, central air conditioners, programmable thermostats, humidifiers, dehumidifiers, ventilation). Distribution is entirely direct, with on-site service delivery and emergency 24/7 availability; marketing is limited to a company website and email newsletter. The company has no institutional investors, parent company, subsidiaries, or publicly disclosed financial data, and management information is not enumerated in the available sources.

Name

PETROLEUM HEAT AND POWER

Legal name

Petroleum Heat and Power, Inc.

Website

https://phpldf.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Petroleum Heat and Power is a locally owned Wisconsin provider of propane delivery, HVAC installation, and HVAC repair/maintenance services, serving residential and small-business customers in the Lac du Flambeau and Minocqua markets since 1987.

Ownership category

akta.pro rank

Product category

Residential HVAC and Propane Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (23822)

SIC

Steam & Air-Conditioning Supply (4961), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Residential HVAC System Installation (Furnace/AC/Heat Pump) (HSAOAGAA)

akta.pro secondary industries

Heat Pump Repair & Maintenance (HSAOAHAD), Commercial Water Heater & Boiler Service (HSAOACAJ), Propane (LP) Gas Line Installation & Conversion (HSAOAKAJ)

Keywords

• Propane delivery services
• HVAC installation services
• Heating system repair
• Air conditioning services
• Residential LP gas

Headquarters

HQ city

Lac du Flambeau

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Propane/LP Gas Delivery: Recurring propane delivery services including automated delivery plans, prepaid cost-saving plans, and on-demand delivery options. Propane cylinder refills and exchanges.
2. HVAC Installation Services: One-time revenue from new construction, remodeling, and retrofitting projects including air conditioning and heating system installations, duct work, and equipment setup.
3. HVAC Repair and Maintenance: Ongoing maintenance and repair services for gas, electric, and oil burning furnaces, hot water tanks, boilers, and air conditioning equipment.
4. Equipment Sales: Sales of furnaces, heat pumps, boilers, water heaters, central air conditioners, programmable thermostats, humidifiers, dehumidifiers, fans, and ventilation equipment.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Petroleum Heat and Power delivers LP gas/propane and provides heating and air conditioning (HVAC) services to residential and business customers in the Lac du Flambeau and Minocqua areas of northern Wisconsin. Offerings include propane delivery plans, tank inspections, cylinder refills, HVAC system installation, ductwork, remodeling/retrofitting, and ongoing repair and maintenance, with 24/7 emergency service. Equipment products (furnaces, heat pumps, boilers, water heaters, central air, thermostats, air quality and ventilation products) are sold and installed alongside the service work.

Product overview

Petroleum Heat and Power is a locally-owned LP gas and HVAC service company serving northern Wisconsin since 1987. The company operates as a service provider rather than a software platform, offering three interconnected service categories: LP Gas/Propane delivery services (including tank inspections, cylinder refills, automated delivery plans, and 24/7 emergency services), Heating Systems services (furnace, boiler, and water heater installation, repair, and maintenance), and Cooling/Air Conditioning services (installation and maintenance of air conditioning systems). The company also sells and installs equipment products including furnaces, heat pumps, boilers, water heaters, central air conditioners, programmable thermostats, humidifiers, dehumidifiers, and ventilation fans. Products are sourced from branded manufacturers including American Standard, Heat Controller, Honeywell, LG Electronics, and General Electric.

Differentiator

Problem solved

Functional benefit

Products and services

• LP Gas Services Propane/LP gas delivery and related services for residential and commercial customers, including delivery plans, automated delivery, prepaid cost-saving plans, on-demand delivery, tank inspections and installations, cylinder refills and exchange, equipment safety inspections, and 24/7 emergency response.
• Heating Systems Services
• Cooling and Air Conditioning Services
• Furnaces and Heat Pumps
• Boilers and Water Heaters
• Central Air Conditioners
• Programmable Thermostats
• Air Quality Products
• Ventilation Equipment

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• American StandardminorOthersEquipment supplier for furnaces, heat pumps, boilers, and water heaters. Petroleum Heat and Power works with American Standard products for heating system installations and replacements.
• Heat ControllerminorOthersEquipment supplier for HVAC products. Provides heat pumps and air conditioning equipment for installations.
• HoneywellminorOthersEquipment supplier for programmable thermostats, humidifiers, dehumidifiers, and air filtration systems. Products used in HVAC installations and upgrades.
• LG ElectronicsminorOthersEquipment supplier for air conditioning and cooling systems. Provides central air conditioners and related HVAC equipment.
• General ElectricminorOthersEquipment supplier for furnaces, boilers, water heaters, and ventilation equipment. Products integrated into heating system installations.

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Ferrellgas: Major US propane distributor serving residential, commercial, and agricultural customers. Directly comparable on propane delivery, tank service, and bundled HVAC-adjacent offerings, with overlapping rural and small-town customer base.
• AmeriGas: Largest US propane distributor, retail and commercial. Comparable to PHP on propane delivery, tank installation, and recurring residential/commercial fuel supply, but at vastly greater scale and a national footprint.
• One Hour Heating & Air Conditioning: National HVAC service franchise providing residential heating, cooling, and air quality services. Comparable to PHP on HVAC installation, repair, and maintenance; competes for the same homeowner customer profile.
• Suburban Propane Partners: Nationwide propane distributor with a strong presence in small and rural communities. Closely comparable to PHP's propane delivery, tank exchange, and recurring residential fuel service model.
• Mr. Sparky: National HVAC and electrical service franchise. Comparable to PHP on residential HVAC installation, repair, and maintenance, targeting a similar homeowner customer with 24/7 emergency service.
• Service Champions: Regional HVAC service company offering heating, cooling, and air quality installation and repair. Comparable to PHP on HVAC service delivery to residential customers, with a similar cross-sell model on equipment and maintenance contracts.

Broad incumbents

• Lennox International: Major HVAC manufacturer with a strong residential dealer network. Comparable to PHP as both a supplier and a competing channel for residential heating and cooling equipment installations.
• Carrier: Global HVAC equipment manufacturer (American Standard is a Carrier brand). PHP installs Carrier/American Standard equipment and is therefore a downstream channel partner and indirect competitor on installed HVAC.
• Trane Technologies: Global HVAC manufacturer offering residential and commercial heating and cooling systems. Comparable to PHP via dealer/installer model and competes for the same installed-equipment customer.
• Rheem: Manufacturer of water heaters, boilers, and HVAC equipment. Comparable to PHP on the boiler and water heater product lines where PHP resells and installs similar equipment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/petroleum-heat-and-power

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PETROLEUM HEAT AND POWER