Press Releases

Acquisition Announcement: Imperial Fuel Co.

Cetane Associates LLC is pleased to announce that Booma Oil and Energy, Inc. (“Booma Oil and Energy”) based in Lynn, Massachusetts has acquired the full-service heating oil business of Imperial Fuel Co. (“Imperial Fuel”) based in Lynn, Massachusetts.

Founded in 1933, Booma Oil and Energy is one of the largest family-owned oil heating companies on Boston’s North Shore and a well-recognized provider of HVAC and irrigation services to residential and commercial customers in Lynn, Swampscott, Saugus, Lynnfield, Marblehead and surrounding towns.

Lisa Carangelo, President of Booma Oil and Energy commented “Cetane Associates helped us evaluate and negotiate our Imperial Fuel acquisition and provided support right through the transition process. Access to Steve Abbate’s knowledge and experience really made a difference for us.”

About Cetane Associates:

Cetane Associates, LLC is a leading provider of financial advisory services to owners of businesses in the retail energy distribution industry. Clients engage Cetane to advise on sales, spin-offs, and acquisitions, as well as perform valuation and ad hoc corporate finance assignments. For more information, please visit


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We were very pleased to have such a knowledgeable and experienced company in our corner with the team at Cetane. It was obvious that they knew the best process and how to get the ball over the goal line. Their advice throughout the process was greatly appreciated and we thoroughly enjoyed working with them.

— Steve Lombardi, Brodeur’s Oil, Moosup, CT