Press Releases

NEW MILFORD, Conn. – January 17, 2023 – Cetane Associates LLC (Cetane) is pleased to announce that the Ciardelli Fuel Company, Inc. (Ciardelli Fuel), a New Hampshire corporation, has acquired the business assets related to the operations of A. W. Peters, Inc. (A. W. Peters), a full-service delivered fuels business located in Peterborough, New Hampshire. The transaction closed on January 9, 2023.

Founded in 1942 by Ashford “Ash” Peters, A. W. Peters has been passed down for three generations. After 33 years of running his heating oil delivery business, Ash retired and welcomed his son Stan Peters to step in as president. By 1977, Stan’skids, Kerry, Wendy, and Jeff, had joined the company. Jeff was named President in 1989. For more than 30 years, A. W. Peters has had steady growth through four acquisitions and the building of a state-of-the-art bulk plant. The A. W. Peters team takes pride in providing carefree home heating to its loyal customers—their motto is “we make WARM friends.” They built their reputation with dedicated service, installation, and delivery staff. President Jeff Peters commented, “Our strong emphasis on excellence in delivery and service is a great fit with the values of family-run Ciardelli Fuel.” And, he added, “We appreciate the experts at Cetane. They have a great process and do a great job. We had worked with them before—my siblings and I couldn’t be happier—they created a very successful outcome once again.”

Ciardelli Fuel is also a third-generation business. Founded by two Ciardellis, Ernest “Babe” and his nephew Albert Eugene “Chick,” in 1957, the two grew the business for decades and enticed more family members to join their successful endeavor. Today the majority of the responsibility is in the hands of third-generation brothers Matthew “Matt” and Andrew Ciardelli. They carry on the legacy of keeping families warm in their ever-expanding community. Ciardelli Fuel president Matt Ciardelli stated, “We’ve known A. W. Peters as reliable service providers and a solid delivery operation for many years. We look forward to welcoming A. W. Peters’ team of employees and being able to offer their customers continued exceptional service.”

Barrett Conway, Managing Director at Cetane Associates, said, “It was a pleasure working with Jeff throughout this transaction. It was an honor for our team to have worked with the Peters family again and congratulate them on completing the successful sale to Ciardelli Fuel.”

Cetane served as the sole arranger and financial advisor to A. W. Peters. 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 Barrett Conway, Fred Lord, and Tyler Machado managed the transaction.


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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
Press Releases

NEW MILFORD, Conn. – January 5, 2023 – Cetane Associates LLC is pleased to announce that Duncan McMurchie has joined its financial advisory firm as an Associate, effective January 1, 2023. Duncan provides analytical support to the firm’s M&A deal execution team. He will work remotely from his home office in Dallas, Texas.

Before joining Cetane Associates, Duncan worked in public accounting at Turner, Stone & Company, LLP in Dallas, where he assisted with the firm’s audit practice.

Duncan McMurchie holds a bachelor’s degree in Economics from Texas A&M University and a master’s degree in Accounting from Texas A&M University—Commerce.

Barrett Conway, Managing Director at Cetane, commented, “We are very happy to have Duncan join our team. Duncan’s accounting and audit skill sets will add to the strength of our company as we continue to expand our services throughout the retail propane and delivered fuels industries. His specific background and experience will enhance our value to our clients.”


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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
Verbatim Column

Both on the personal and professional front, we are hearing numerous and consistent conversations and news items about inflation across the U.S. This month, we ask our people in the propane realm what impact inflation has on them either at home or at work or both.

In this column, adopted from the familiar “Heard on the Street” format, we offer our responders a chance to answer the question posed in the title. These are their replies reported verbatim.

 

INFLATION IMPACT AT HOME

I kept reading about ‘shrink-flation’ (prices remaining the same but the package size is decreasing), and I wondered “is this really happening?” So now, when I am out grocery shopping, I keep picking up stuff and looking at the package weights to see if they have indeed ‘shrunk’. My unofficial opinion at this point? Yes, it is really happening! LOL As to what I’ve done with this fascinating piece of intel, well, I switched popcorn brands when I saw this sneaky behavior in my preferred brand. That will teach them….

Leslie Woodward

Fairview Fittings

Oakville, Ontario, CANADA

 

I’m at a point in my life that it doesn’t affect me near as much as it would of when I was younger and oh so poor! I’m grateful to have had that time in my life, but glad it’s in the past and hope it stays that way.  I am aware and feel for those so affected by it.  I now watch it more for what it does to investments and hopefully a promise of a brighter future coming out of a downturn.

 Susan Peterson

Rural Computer Consultants

Bird Island, Minnesota

 

Inflation is undoubtedly touching all Americans in different ways.  While some changes in lifestyle have become involuntary, like paying over $5.00 a gallon for gasoline, (which is yet another reason we should be utilizing autogas) other, more voluntary changes in our daily lives are made up of a variety of choices.  Personally, my family is scaling back our travel plans for the rest of the year, as well as doing a lot more in-home dining versus ordering take out and going out to eat when we don’t feel like cooking.  We have also opted to maximize the use of streaming services as opposed to visiting the movie theatre; where I dare not imagine how much a large popcorn is going for these days!  While some of us are making the most of what we have, others are scraping by to make something out of practically nothing.  The truth is, there are far greater sacrifices than these being made across the country, so at this time I consider myself fortunate.

Jessica Johnson

ThompsonGas

Asheville, North Carolina

 

Since my wife typically shops for food in our house, I asked her. She said she has always shopped the sales regardless, but in these times she might pass on the filet of beef in favor of a lesser cut. As for me, I’m more conscious of my driving habits, although I’m not sure I’ve cut back much. I’m also trying to squeeze a few more games out of my tennis balls, as the cost of those has about doubled from last year.

Bruce Swiecicki

National Propane Gas Association

 Tinley Park, Illinois

 

While inflation has certainly impacted the price of groceries, gas and pretty much everything we purchase on a daily basis, I really have not made many changes in this area.  If I still had young children, I am sure I would probably be more diligent in my spending habits!  However, the one area that we are following much closer is our whole financial picture.  Now that we are near retirement age, we have to be sure that we have a good plan in place for a secure future.

Rosie Buschur

McMahan’s Bottle Gas

Dayton, Ohio

 

INFLATION IMPACT AT WORK

It’s been a difficult year all the way around for sure. Some of the changes I have considered is the cost of my commute to work but, since it’s only six minutes away and I’m too old and overweight to go with an E-Bike, that’s out!! And my operations manager Lisa has told me I can’t spend any extra money on anything this year. She is soo mean to me L

All kidding aside, we are OK. We are just being very conservative in all our purchases until we feel we have come through these difficult times. We have not purchased any new vehicles this year and are being diligent about purchasing and placement of tanks. We have asked the guys to check and double check their trucks to make sure they have EVERYTHING they need for a job and to please come back to the shop with the tools they left with!! We have cut back on some advertising and extra community donations. These were hard cuts to make but seemed like the best choice for us – for now.

Judy Taranovich

Proctor Gas

Proctor, Vermont

 

This new trend of record-breaking inflation requires positioning for the impact on our business.  We’re experiencing much higher fuel, steel (tanks), parts and vehicles costs that are creating some real challenges with no relief in in sight in the near term. Vehicles are hard to come by and if you can find them, they are substantially higher priced with longer lead times for delivery. On the product cost side, we have to pass as much through as possible and on the increased vehicle and tank costs, we will buy less this upcoming year than we would have otherwise. We will continue operationally to focus our team on efficiency even more, to further offset as much of the inflation as we can to continue to deliver on our financial objectives.

Boyd H. McGathey

Energy Distribution Partners

Parkville, Missouri

 

Our behavior changes to be more conservative in our expenses and investments.  High inflation makes us examine our logistics more frequently as well to ensure we are as efficient as possible.

Laurie Irish-Jones

Irish Propane

Buffalo, New York

 

We are continuing to operate conservatively, but always looking for ways to reduce costs and increase throughput.

Jason Soulon

Westmor Industries

Shawnee, Kansas

 

INFLATION IMPACT ON WORK & HOME LIFE

As inflation rises and we appear to be in a recession I have become much more conservative in my business and personal spending. Planning ahead is helpful. I am keeping a close eye on the business climate to see how companies may be trying to save money. This makes the value proposition much more important. I guess I will do my trip to Ireland next year!

Ed Varney

Top Line Management, LLC

McKinney, Texas

 

From a personal perspective, we are closely monitoring our spending on a monthly business. The costs of all goods and services in general have skyrocketed, which has resulted in limiting our spending due to the uncertainty of the future. We are holding off on any major purchases, and limiting vacations, travel, and entertainment. We are staying home and cooking more meals rather than going out to eat.  At our company we are closely monitoring our expenses and travel and being very selective about what conferences and conventions to attend.  In summary, we are being very cautious with our spending personally, and at P3 Propane Safety.

Jerry Schimmel

P3 Propane Safety

 Cumberland, Rhode Island

 

MONEY MATTERS

Ignoring inflation in America goes against financial management wisdom for any organization including our families. Inflation affects all aspects of the economy, from consumer spending, business investment, and employment rates to government programs, tax policies, and interest rates. As you’ve read here, multiple steps may be considered to help your operations or personal cash flow through inflationary times. Gasoline prices make the headlines, but the cost of popcorn is a benchmark heard here first!

 

Nancy Coop, Cetane Associates

This column was first published in Butane-Propane News in September 2022.


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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
Verbatim Column

A recurrent phrase I’m hearing from people of all ages these days is “If not now…when?” The key to this month’s question is the aspect of “having the time.” Are you booking time on your schedule beyond work that creates rewarding results?

In this column, adopted from the familiar “Heard on the Street” format, we offer our responders a chance to answer the question posed in the title. These are their replies reported verbatim.

 

WHEN YOU “HAVE THE TIME”

When the time comes to finally retire, I keep telling myself I will have a plan in advance on how to invest my time. A plan to stay physically and mentally active so I feel as productive in retirement as I do now in my work life. Also, reenergize around the things outside work I enjoy more like play guitar more (I torture the guitar really), read and travel more, bring out the toys that I don’t’ have enough time for now like my golf clubs and Harleys. I have been involved with a number of law enforcement not-for-profit entities in my community for almost 20 years now, I would have to find more time to dedicate to giving back.

Boyd H. McGathey

Energy Distribution Partners

Parkville, Missouri

 

As someone with a busy work schedule, a family, (and all that goes along with it), I keep telling myself that I’m going to travel. You know, “when things settle down”.  However, I have not planned a trip for myself in a long while.  And yet, if I am fortunate enough to take some time away and experience new places and things, I am always reminded of the value in it.  This is your sign, (yours and mine) to take that trip, pack those bags, and get out of town for a little while!

Jessica Johnson

ThompsonGas

Asheville, North Carolina

 

Wow, where do I begin?! I can think of so many things, but one thing I keep wanting to do is digitize the family photos and movies that I took when the family was young. I remember it was a treat when I was a kid and my dad took the movie projector out periodically to show the family those old Super 8 movies he took as we were growing up. We had a blast watching those and the “Uncle Bill” (W.C. Fields) cuts that he would throw on as well.

Bruce Swiecicki

National Propane Gas Association

 Tinley Park, Illinois

 

I hope to slow down a bit, maybe in a couple years, maybe three – four – sometime 🙂 Anyway, when I do, I’d like to travel and see more of our beautiful country. Not by electric car though—I don’t have that much time!!!!

Judy Taranovich

Proctor Gas

Proctor, Vermont

 

Buy a Bass Boat, go to the Lake, and leave my cell phone in the truck.  I already have my eye on the boat but there are not many available due to supply chain shortages. I will have one before the end of the year.

Chuck Kinnie

 Shasta Gas Propane

Shasta, California

 

Vacation in Italy.  I have never been and desperately want to go.  Every year, I say “next year I will book it”.

Julie Johnson

Ted Johnson Propane

 Baldwin Park, California

 

Read more books.

Don Montroy

Bergquist, Inc.

Rockford, Michigan

 

When I retire, I say that I am going to become a loss doula. A loss doula supports families who are experiencing or expected to experience loss of their baby. I love birth and supporting birthing mothers is something I always thought would be a hard but rewarding work. After Chaz was born and died, I learned about the role of a loss doula and have been saying it’s my retirement plan ever since. I do hope to support my community in this way some day.

Lauren Clark

Bergquist

Toledo, Ohio

 

My wife and I recently became empty nesters. We love to travel together and aspire to travel frequently while we are “young.” We’ve been fortunate to have some really great trips in the first half of 2022. Hopefully the second half of the year is as fun as the first half. If you haven’t had an opportunity to travel with your spouse I strongly suggest doing so, it does wonders for your soul as an individual and a couple.

Jason Soulon

Westmor Industries

Shawnee, Kansas

 

One thing I have been meaning to do when I have more time is clean out my file cabinets and reorganize my paperwork.  Or wait, do I first declutter my house in preparation for downsizing?  Or, what about all those books I have put aside to read later?  And, then there all of my grandkids sporting events I want to attend.  Not to mention those vacations I still want to take.  Gosh, I need to retire!!

Rosie Buschur

McMahan’s Bottle Gas

Dayton, Ohio

 

Plan leisure travel in the United States to see our natural wonders.

Jerry Schimmel

P3 Propane Safety

 Cumberland, Rhode Island

 

I have a list….
Relax, Read, Golf more, Play piano more, Play more pickleball, More time with friends, more time with grandchildren.

Susan Peterson

Rural Computer Consultants

Bird Island, Minnesota

 

The thing that I keep telling myself I will do when I retire is relax. I keep saying that I will slow down with life. After all the hustle and bustle that is daily life, relaxing on the beach or a simple stroll around a flea market sure sounds like a good plan to me. Basically, anything that adds enjoyment to life. Yes, that is the plan.

Jon Shepard

VK Inspections LLC

Mercer, Pennsylvania

 

That’s easy!  READ!  Reading can be dangerous for me.  I will stay up until 3am reading a good book…and that next day is a killer.  I try to save good books for vacation but even that is hard…but look out retirement!

Tonya Crow

GROWMARK, Inc.

Bloomington, Illinois

 

MAKING THE TIME

Several respondents mentioned that they liked this question. Clearly it was more fun for them to dream of what to do with free time than to answer last month’s question about how to deal with stress. In our complex world, handling both work and free time requires selectivity and prioritization. It also requires saying YES to something new.

 

Nancy Coop, Cetane Associates

This column was first published in Butane-Propane News in August 2022.


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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
Verbatim Column

Since I was behind on my deadline and needed to hurriedly develop a question and request replies on a tight due date, the topic of stress could not be more apropos this month. It turns out that our colleagues have some keen insights from their own lived experiences, which they share here.

In this column, adopted from the familiar “Heard on the Street” format, we offer our responders a chance to answer the question posed in the title. These are their replies reported verbatim.

 

STRESS RELIEF IN THE EAST

Managing stress is so important to our health.  Exercise has always helped me even if it is a quick walk or sitting and taking a breath. My favorite way to relieve stress is to go outside and look at nature and observe this wonderful earth and ask myself will this matter six months from now?  I also have faith everything works out.

Laurie Irish-Jones

Irish Propane

Buffalo, New York

 

PRAY –

Judy Taranovich

Proctor Gas

Proctor, Vermont

 

When I read the question, how do you handle stress, my first thought was “Probably not as well as I should.” Then I thought, we can’t all handle stress like they do in a Hallmark movie. I’ve heard the ways that we should handle stress. Step back, take a breath, pray on it. I’m definitely a work in progress on that. The way that I handle stress is to usually run the scenario past my wife. She is the calming influence on my mini meltdowns. It’s amazing how a calming voice can alleviate a stressful situation.

Jon Shepard

VK Inspections LLC

Mercer, Pennsylvania

 

Since stress is an unavoidable part of life, I believe that finding healthy ways to manage it is imperative. Stress can present itself in many forms, however, being intentional on how you cope with it can make all the difference in improving your life. What works for me, is taking a long walk or having a conversation with a friend. I also like to do yoga every chance I get!  I learned the hard way that if you do not manage stress in healthy ways (or at all) then other parts of your life will inevitably suffer.

Jessica Johnson

ThompsonGas

Asheville, North Carolina

 

STRESS RELIEF IN THE MID-STATES

For me, stress comes from trying to do it all.  Years of failure to accomplish “all of it” has led me to better prioritizing my days (I loved the book The One Thing).  If I’m saying yes to you, it means that I’m saying no to someone or something else and I have learned to be OK with that.  But if none of those things work, I love a ride in our Jeep.  Somehow those always seem to end up involving ice cream and we all know that ice cream fixes anything!

Tonya Crow

GROWMARK, Inc.

Bloomington, Illinois

 

If the stress is work related, I try to “turn off” at the end of the day and just do something different. Physical activity is always good, as is playing music or just spending time with Karen, my wife. If the stress is coming from another area, often times I can get lost in my work, as well as the other things I mentioned. If the stress is coming from an interpersonal relationship, I’ll try to resolve things quickly and move on.

Bruce Swiecicki

National Propane Gas Association

 Tinley Park, Illinois

 

Based on my blood pressure I probably don’t manage it very well! But I do try to keep it under control, and I’ve found that exercise and more frequent vacations are some good ways to reduce stress.

Jason Soulon

Westmor Industries

Shawnee, Kansas

 

When I feel an excessive amount of stress, I try to get some free time on the schedule if I can. I’ll take a break and remind myself that whatever is bringing the stress, is more my response to it that the situation itself.

Boyd H. McGathey

Energy Distribution Partners

Parkville, Missouri

 

How do I handle it?  When I was young, I cried.  Uggh, I hated that, it just happened.   Not often but when the stress hit peak, yes, I’m sad to say, I cried.  But then I felt better and picked up the pieces and got it done!  As I got older, I came to the realization that whatever I was stressed out about might not have been as important as I was making it out to be.   Approximately 8 years ago, my husband died at age 57 to a rare form of cancer.  That played a huge role in how I handled stress. Suddenly those things that caused stress no longer seemed as stressful.  There is perspective in losing a loved one.  The really important things in life are not the deadlines that we need to meet, but instead the important items are families and friendships and laughter and health and peace.  I realized that in our jobs, no one is going to die if we make a mistake.  We are not doctors, whose lives depend on us. If we make a mistake, we own up to it and we fix it.  I still strive to meet deadlines so people can trust my word. My work life has changed somewhat to allow that to happen.  In the realization of the really important things in life, the more capable I feel of letting much of that stress go!

Susan Peterson

Rural Computer Consultants

Bird Island, Minnesota

 

Stress is usually caused by an unforeseen challenge or feeling overwhelmed. If the stressor is sudden and unexpected, I assemble everyone who needs to be involved, and tackle the issue as a team. We identify the problem, what actionable items can be addressed, and assign a responsible party and a follow up plan.  If I’m overwhelmed, it’s a sign that I need to get organized, so I manage it by regrouping. I make a list, (sometimes breaking it into several lists of what is manageable in a given day), I delegate what I can, and then get to work, and continually re-evaluate if I’m properly managing my expectations of myself and others, so that the stress doesn’t build back up.

Lauren Clark

Bergquist

Toledo, Ohio

 

Managing my stress is hardest when I feel completely overwhelmed.  I have to remind myself that I can only do so many things in a day.  What helps me most is to make a list of all the tasks I need to accomplish, and then prioritize which are most important.  If I need to get an earlier start to my day or put in some extra time at the end of my day, I will do that.  Once I begin to check items off my list, I feel so much better!

Rosie Buschur

McMahan’s Bottle Gas

Dayton, Ohio

 

STRESS RELIEF IN THE WEST

Balance.  I have to balance out my day, weeks, and years.  It is up to me to say yes or no to those things I put on my calendar. Along with work I have to intentionally schedule in exercise, time with family, play etc. . .

Stress is real.  Managing my life to only allow in it the stress that I have to handle and keep at bay the stress that is not under my control—for example, I cannot manage news, fake news or other people’s drama.  Sometimes it is hard to know the difference, and that’s when I turn to The Serenity Prayer: “God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference.”

Julie Johnson

Ted Johnson Propane

 Baldwin Park, California

 

Most of my stress comes from my own “PROCRASTINATION”.  You would think at my age that I would know that I should only handle papers one time and start a project and ignore all distractions until the project is finished. There are so many things that are more fun or interesting than ”this” project so I allow them to take up my time.

It’s just like when Nancy sends out these questions with such a short response time.  She is smart enough to know that given any more time most of us would put off our response and then let other papers or emails pile on top of hers so it would get lost.

Thanks, Nancy, for the short lead time and the reminder that life is less stressful when we “Handle it Once and Get it Done. “

Chuck Kinnie

 Shasta Gas Propane

Shasta, California

 

OOOOOOOOmmmm

It looks like asking about stress was a question whose time had come. After two plus years of a pandemic, all of us have learned a thing or two about managing the stress that accompanies the unknown, the over-worked, and the human experience. In the spiritual world the Om symbol represents a sacred sound that is known generally as the sound of the universe. Om is all encompassing, the essence of ultimate reality, and unifies everything in the universe. Seems we humans have lately not had our full Om dosage.

 

Nancy Coop, Cetane Associates

This column was first published in Butane-Propane News in July 2022.


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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