Press Releases

NEW MILFORD, Conn. – June 11, 2024 – Cetane Associates (“Cetane”) is pleased to announce that Breckenridge Capital LLC (“Breckenridge”), a Texas limited liability company, has acquired the full-service propane delivery business of Knight Propane, Inc. (Knight Propane) located in Weatherford, Texas. The transaction closed on May 31, 2024.

In 2015, Leslie Knight and Sherry Knight founded their propane delivery business in Parker County, Texas. Over the next nine years, they focused on marketing the company and providing excellent service. Knight Propane grew organically while meeting the community’s demands and was named Best Propane Company in Parker County two years in a row. Their steady growth relied on hard work, high-qulaity service, cold weather, and investing in the community. Principal Sherry Knight commented, “Our strong emphasis on excellence in delivery and service to our loyal customers stems from our family values. We’re happy to have completed this successful transaction.” And, she added, “Working with Tamera and Barrett and the entire Cetane team made this complex transaction as trouble-free as possible—I strongly recommend them.”

The investment firm Breckenridge Capital targets investments in the Texas market. Breckenridge adds Knight Propane as its first foray into the delivered fuels space. Kyle Colafrancesco, Managing Partner of Breckenridge, stated, “We are pleased to bring Knight Propane into the Breckenridge group of companies. Their well-known local reputation is a great fit with our guiding principles. We look forward to welcoming the Knight Propane team.”

Barrett Conway, Managing Director of Cetane Associates, stated, “It was a pleasure working with Sherry and Leslie throughout this transaction. They and their entire team have built a terrific business. I congratulate them on this significant transition.”

Cetane served as the sole arranger and financial advisor to Knight Propane. 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, Tamera Kovacs, Trey Brasseaux, and Dalton Brooks 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. – May 29, 2024 – Cetane Associates (“Cetane”), a financial advisory and transaction firm providing M&A expertise to the home services industries, is pleased to announce that Alliance Commercial Pest Control, LLC (“Alliance”), a subsidiary of PestCo Holdings, LLC (“PestCo”), has acquired the assets of Enviro-Safe Pest Control, Inc. (“Enviro-Safe”), headquartered in Perrineville, NJ. The transaction was completed on May 21, 2024.

Enviro-Safe was founded and incorporated in 1981, by Jeff Glenn, who has remained the sole owner since its inception. The company initially offered night services and created a niche market with restaurants, soon expanding to service notable clients including schools and several diners. In 1982, Enviro-Safe gained valuable experience in roach baiting techniques while working with American Cyanamid at their Shulton facility, where Maxforce roach bait was invented. Over the years, Enviro-Safe developed expertise in pest management for supermarkets, restaurants, and warehouses. By the late 1990s, the company had implemented roach baiting techniques across all its restaurant clients, solidifying its reputation in the industry. Jeff commented, “We are delighted that Alliance and PestCo will continue providing exceptional service to our valued customers. Our sincere gratitude goes to the Cetane team for guiding us through this transaction with such care and expertise.”

Bob Williamson, Pest & Lawn Director at Cetane Associates, commented, “It was a pleasure working with Jeff through the transaction process. We wish him the best in all his future endeavors.”

Cetane served as the sole arranger for Enviro-Safe Pest Control, Inc. 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 Bob Williamson, Barrett Conway, Duncan McMurchie, and Dalton Brooks 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. – May 22, 2024 – Cetane Associates (“Cetane”) is pleased to announce that an undisclosed buyer has acquired the propane assets related to Shoshone Propane, Inc. (“Shoshone Propane”), a full-service propane business located in Pahrump, Nev. The transaction closed on May 2, 2024.

Owners Susan Sorrells and Robert Haines were brought up in the industry and were familiar with the mechanics of operating a propane business. As the population of the Shoshone region began to grow, they saw an excellent business opportunity in establishing their own propane company based in Pahrump, Nev. and thus, in 1994, Shoshone Propane was born. The business has since grown with the town of Pahrump which is now a bedroom community of Las Vegas and has also expanded into the surrounding areas of Amargosa Valley and Beatty. With strong ties to the community, Shoshone Propane has stood as a dominant force in the region and has become renowned for its quality service and commitment to customers. Susan commented, “After nearly three decades of serving our community, we could not have hoped for a better outcome for the legacy of Shoshone Propane. We extend our heartfelt gratitude to the entire team at Cetane, particularly Tamera Kovacs. Their unwavering support throughout the entire process was invaluable to us.”

Tamera Kovacs, Director at Cetane, commented, “Congratulations to Susan and Robby. They built a fantastic company and it was a pleasure to work with them. We wish them all the best in their next chapter.”

Cetane served as the sole arranger and financial advisor to Shoshone Propane. 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. The transaction was managed by team members Tamera Kovacs, Griffin Sharp, Dalton Brooks, and Barrett Conway.


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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. – April 25, 2024 – Cetane Associates is pleased to announce that Whitney Parsley has joined its financial advisory firm as an Associate, effective April 15, 2024. Whitney provides paralegal support to the firm’s M&A deal execution team. She will be based at Cetane’s Houston, Texas office.

Whitney Parsley is an experienced Corporate Paralegal and Compliance Manager. Prior to joining Cetane Associates she worked at the in-house legal departments of The Tatitlek Corporation in Anchorage, Alaska, and Quanta Services, Inc. out of Houston, Texas. Whitney has 18 years of experience and specializes in corporate governance and mergers and acquisitions.

Whitney has a Paralegal Certification from Houston Community College. She enjoys her hobbies of scuba diving, softball, swimming, and especially time with her family of five children and nine grandchildren.

Barrett Conway, Managing Director and Principal of Cetane Associates, commented, “We are very happy to have Whitney join our team. Whitney’s exceptional background in corporate governance, paralegal, and M&A transactions will add to the strength of our company as we continue to expand our services throughout the home services industries. Her skill set 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
Press Releases

NEW MILFORD, Conn. – March 7, 2024 – Cetane Associates (“Cetane”), a financial advisory and transaction firm providing M&A expertise to the home services industries, is pleased to announce that Grasshopper Lawns, Inc. (“Grasshopper Lawns”), of Larksville, Pa. has acquired ForBetter Green Tree & Lawn, LLC (“ForBetter Green”), headquartered in Lehigh Valley, Pa. Grasshopper Lawns is backed by HCI Equity Partners, a private equity firm partnering with lawn care providers in the region. The transaction was completed in March 2024.

Marty Sukley, owner and founder of ForBetter Green, established the business in 2014. Marty embarked on his career in 1986 at HydroLawn in Conshohocken, Pa., swiftly advancing to the Lehigh Valley office before witnessing the company’s acquisition by TruGreen. Following his tenure as a sales manager, Marty redirected his focus to tree care, honing his skills at Valley Arborists in Center Valley, Pa. He also helped expand Forever Green Landscape and Tree, which later merged with Plantique Inc. With over 37 years of experience, including a decade leading ForBetter Green, Marty’s journey exemplifies a dedication to his craft and entrepreneurial spirit. As he prepares for the next chapter of his life, Marty’s industry and business expertise has left a lasting impact on the landscape and tree care sector. Marty commented, “Working with Cetane made a world of difference. Grasshopper Lawns is a great fit for ForBetter Green and I couldn’t have expected a better outcome.”

Grasshopper Lawns provides weed control, fertilizing, and other lawn services to customers in the Scranton/Wilkes Barre and Allentown, Pa. metro areas. HCI Equity Partners, a private equity firm partnering with lawn care providers in the region, has partnered with Custom Lawn Care (Butler, Pa.), Delaware Valley Turf (Broomhall, Pa.), and Brookside Lawn Service (Medina, Oh.) in addition to Grasshopper Lawns.

Bob Williamson, Pest & Lawn Director at Cetane Associates, commented, “I’ve known Marty for over 30 years. He’s a great guy and he built a wonderful company. It was a pleasure working with him and we wish him all the best in his next chapter.”

Cetane served as the sole arranger for ForBetter Green Tree & Lawn. 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 Bob Williamson, Barrett Conway, Ford DuBose, and Dalton Brooks 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