{"id":115559,"date":"2014-12-30T17:07:05","date_gmt":"2014-12-31T00:07:05","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/fraley-co-is-now-under-new-ownership-2\/"},"modified":"2014-12-30T17:07:05","modified_gmt":"2014-12-31T00:07:05","slug":"fraley-co-is-now-under-new-ownership-2","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/fraley-co-is-now-under-new-ownership-2\/","title":{"rendered":"Fraley Co. is now under new ownership"},"content":{"rendered":"\n

\"David
David Fraley had been mulling the decision to sell his family business for at least a year, and when the right offer came along, he made the decision to hand off the 75-year-old company in April.<\/span>Sam Green\/Cortez Journal<\/span><\/figcaption><\/figure>\n<\/p>

For the past 56 winters, Cortez-based propane company Fraley Co. has been heating homes in the Four Corners. This winter, however, marks the first that longtime owner David Fraley isn\u2019t manning the helm.<\/p>\n

In April, Fraley Co. was sold to two out-of-state companies, which are operating the business together. Santa Fe, N.M.-based Honstein Oil is handling the commercial oil and lubricants side of the business, and Idaho Falls, Idaho-based company Brad Hall & Associates is handling the propane side of the business.<\/p>\n

Financial details of the sale were not disclosed. The new ownership has retained the name and the majority of the staff.<\/p>\n

Fraley had been mulling the decision to sell his family business for at least a year, and when the right offer came along, he made the decision to hand off the 75-year-old company in April.<\/p>\n

\u201cThere were a lot of things that went into making the decision,\u201d said Fraley. \u201cIt was something that you think is sudden, but it really takes years. It was just time.\u201d<\/p>\n

His grandfather founded the company in 1939. Fraley\u2019s father took the reins of the company and moved the office to Cortez in 1958.<\/p>\n

Ron Honstein, owner of Honstein Oil, said his company was looking for an expansion opportunity in the Four Corners area and Fraley Co. was the perfect fit.<\/p>\n

\u201cWe were very impressed with the business he built, and wanted to continue that success,\u201d said Honstein. \u201cI run a smaller family company like David\u2019s . one that values good customer service, and respect and appreciation for employees.\u201d<\/p>\n

Ownership at Brad Hall & Associates could not be reached for comment.<\/p>\n

As for Fraley, he says he\u2019s looking forward to clearing his head and taking time off this winter.<\/p>\n

Is another business venture is in the cards?<\/p>\n

\u201cI\u2019m going to take a little time here . get this out of my head for a few months and go from there,\u201d he said. \u201cIt\u2019s probably not a bad way to spend the winter.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Cortez-based propane business is sold to two out-of-state firms<\/p>\n","protected":false},"author":1,"featured_media":115560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6371],"tags":[13],"naviga_topic":[],"class_list":["post-115559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mt-news","tag-frontpage-lead"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/115559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=115559"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/115559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/115560"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=115559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=115559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=115559"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=115559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}