Acquisition Announcement: Melia Fuel
NEW MILFORD, Conn. – November 9, 2023 – Cetane Associates (“Cetane”) is pleased to announce that Atlantic Pratt Oil Co., Inc. (“Atlantic-Pratt Energy”), a Massachusetts corporation, has acquired certain tangible and intangible assets related to the distillates delivery and service business of Melia Fuels Ltd. (“Melia Fuel”), also a Massachusetts corporation. The transaction was completed on October 25, 2023.
The family business of Melia Fuel was established by Gerry and Ann Melia in 1982, with Gerry making oil and fuel deliveries while Ann managed the phones. Their son Patrick (now the company president) first began working in the business making deliveries during winter breaks from college. By 1992, Patrick left his corporate job to purchase the family business and drive growth through introducing full-service options and acquiring a local oil business. Today Melia Fuel serves residential and light commercial customers throughout the Massachusetts South Shore region. President Patrick Melia comments, “For years we’ve known the good people at Atlantic-Pratt Energy and are happy now to be joining forces to add value to their customers, who are also our neighbors. I am thrilled for this successful transaction and thank the Cetane team for their experienced and exceptional guidance.”
For over four generations, the Nogueira family has owned and operated Atlantic-Pratt Energy—2023 marks the company’s milestone 100-year anniversary. The family and its dedicated team is proud to serve homes throughout the region from Boston to Plymouth, Mass. Jacob Ian Nogueira, President of Atlantic-Pratt Energy, states, “Our commitment to service has continued for a century. We’re excited to bring Melia Fuel on board and welcome them to our team of home heating experts. This is a great fit for our business as it moves into its second century.”
Jeff Brunner, Director at Cetane Associates, said, “Congratulations to the Melia family. It was my pleasure to work with Patrick and to assist in taking this long-held goal across the finish line. I wish him and his family all the best in their next chapter.”
Cetane served as the sole arranger to Melia Fuel. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms, and coordinating the due diligence process. Team members Jeff Brunner, Fred Lord, Dalton Brooks, and Ford DuBose managed the transaction.