Acquisition Announcement: Munhall Energy
KENT, CONNECTICUT September 16, 2019 – Cetane Associates LLC is pleased to announce that MacFarlane Energy, Inc. based in Dedham, Massachusetts has acquired the full-service heating oil business of Munhall Fuel Co, Inc. based in Watertown, Massachusetts.
Munhall is a home comfort business that delivers heating oil and burner service under the trade name Munhall Energy to residential and commercial customers in Greater Boston.
Founded in 1946, the MacFarlane Energy Group, is a well-recognized provider of HVAC and air quality services to residential and commercial customers throughout eastern Massachusetts.
Scott MacFarlane stated that Munhall Energy is a perfect fit for MacFarlane Energy. Both companies currently service the same area and share the same business philosophy of providing exceptional service. MacFarlane will continue operations at Munhall’s present office with the same Munhall employees. Munhall customers should notice little change.
Michael Manzelli, president and owner of Munhall commented “Cetane did a great job in marketing my business. The communication flow was excellent. Steve, Josh and Fred always made themselves available for discussion and to provide guidance. The sale process generated several excellent candidates from which to choose. Importantly, Cetane was able to keep the transaction process confidential from start to finish. I’m really glad I made the decision to work with the team at Cetane.
Cetane Associates, LLC served as the sole arranger and financial advisor to Munhall. Cetane advised on the sale including an initial valuation opinion; marketing the business through a confidential, formal process; negotiation of the final deal terms; coordination of the due diligence process; and providing support during the closing process. The transaction was managed by Steve Abbate, Joshua Wolf, and Fred Lord.
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 warmt98.sg-host.com.