Press Releases

NEW MILFORD, Conn. – February 13, 2024 – Cetane Associates (“Cetane”) is pleased to announce that Dead River Company has acquired Bourne’s, Inc. (“Bourne’s Energy”), a full-service propane, heating fuels, and pellets delivery business located in Morrisville, Vt. The transaction was completed on February 1, 2024.

Bourne’s Energy has a rich family history in the delivered fuels business. Established in 1947 by Robert and Julie Bourne in Morristown, Vermont, the business initially operated as a modest heating oil delivery service. Over the years, the business grew and evolved under Bob’s leadership, expanding its services to include repair work in the 1960s. In 1973, Bob’s son, Peter Bourne, joined the company, eventually taking ownership in 1988. Mike Bourne, Peter’s brother, became part owner in the 1990s, and the company would begin propane delivery operations in 1994. Bourne’s Energy has continued to grow, acquiring and integrating various businesses and diversifying its product range to include biodiesel, propane autogas, and wood pellets. They have remained committed to environmental sustainability, offering the region’s greenest and most environmentally friendly fuel and equipment options. Peter’s son, Levi, has since become the company president and continues the company’s tradition of giving back to the communities served and fostering a “whatever it takes mentality” among its employees. Bourne’s Energy now serves over 12,000 customers across Vermont. Owner Peter Bourne said, “We are so pleased our family legacy will continue on at Dead River Company. Their commitment to their customers and employees matches ours.” He continued, “A special thanks to the team at Cetane for their guidance during the transaction. They were instrumental in making this process a resounding success!”

Founded in 1909 by Charles Hutchins, Dead River Company had its roots in the forest products industry. They entered the petroleum business in 1936 and have since grown to be the largest full-service heating provider in northern New England. By operating locally managed offices throughout Maine, New Hampshire, Vermont, and Massachusetts, Dead River Company maintains deep roots in the communities that it serves. Casey Cramton, President and Chief Executive Officer, remarked, “We are delighted that Peter Bourne has chosen Dead River Company to continue caring for his customers and employees at Bourne’s Energy.  Our shared values will ensure that everyone continues to feel right at home.”

Tamera Kovacs, Director at Cetane Associates, commented, “Thank you to Peter and his team at Bourne’s Energy for choosing Cetane to represent them. They were a pleasure to work with, and we couldn’t be happier for them. Wishing them all the best in their next chapter.”

Cetane served as the sole arranger to Bourne’s Energy. 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 Tamera Kovacs, Barrett Conway, Fred Lord, Dalton Brooks, and Trey Brasseaux 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. – February 6, 2024 – Cetane Associates (“Cetane”) is pleased to announce that Daigle Oil Company (“Daigle”), of Fort Kent, Me., has acquired the propane assets related to Mapleton Oil Company Inc. (“Mapleton”), a full-service delivered fuels business located in Mapleton, Me. The transaction closed on January 26, 2024.

With their roots in the family-run earth moving and construction business, brothers Dale and Tim Wood decided to buy a fuel delivery truck and founded Mapleton Oil Company in November 2003. Early customers were mainly friends and family, but word-of-mouth and marketing soon grew their customer list. In late 2004, they bought a second delivery truck and incorporated the company in 2005. They also added off-road diesel fuel to meet demand from the logging industry. By 2008, they had added propane to their fuel line-up and discontinued the construction side of their business, deciding to focus entirely on fuel. Owners Dale and Tim Wood are retaining the heating oil and related operations of the business. Dale commented, “Mapleton Oil has been dedicated to providing quality fuels and exceptional service to our customers. We feel Daigle is a great fit for our propane customers and we’re delighted to have completed this sale with them.” Tim added, “Jeff and the team at Cetane Associates did a phenomenal job and we cannot thank them enough for their guidance throughout the entire process.”

Daigle Oil Company similarly began with a single fuel delivery truck. Better known as DOC, they were founded in 1955 by Guy Daigle in Fort Kent, Maine. Through the years, Guy continued to expand his fuel oil business by purchasing smaller companies in the surrounding areas. Guy passed the company to his son Rick in 1983, and following his father’s lead, Rick continued to grow the family business through acquisitions. Today, Daigle Oil Company is 100% employee owned and is a leading energy provider in northern and central Maine. Chief Operating Officer of Daigle, Carter Vaillancourt, remarked, “We are excited to welcome Mapleton’s propane customers to our family at DOC. We will continue to serve their customers with the same professionalism and warmth that Mapleton has provided for so many years.”

Jeff Brunner, Director at Cetane Associates, commented, “Congratulations to Dale and Tim. They are such great guys, hard workers, and it was an absolute pleasure to work with them.”

Cetane served as the sole arranger and financial advisor to Mapleton Oil Company. 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 Jeff Brunner, Barrett Conway and Dalton Brooks.


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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. – December 14, 2023 – Cetane Associates (“Cetane”), a financial advisory and transaction firm providing M&A expertise to the home services industries, is pleased to announce that Moyer & Son, Inc. (“Moyer”), of Souderton, Pa. has acquired the business assets related to the pest control, rodent, termite, and service business of Safeway Pest Control, Inc. (“Safeway Pest Control”), a Pennsylvania corporation. The transaction was completed on December 13, 2023.

In 1996, John Wechter founded Safeway Pest Control with a drive to provide exceptional service  to the Delaware Valley area. Over the past three decades, Safeway Pest Control  has grown from its traditional pest control and rodent work to develop large commercial customers and to take on service work for other pest control companies. John’s strategy increased revenue and created repeat demand in the populous southeast suburb of Philadelphia. Founder and owner John Wechter comments, “From the beginning, we’ve focused our business on unsurpassed, excellent, and safe service for our residential and commercial customers. This transaction with Moyer ensures that our mission will continue to be met.” John also states, “My thanks to the outstanding professionals at Cetane Associates. They gave us terrific guidance and results!”

Moyer was founded in 1869 as Moyer & Son. What began as a small feed mill in Souderton, Pa. has grown into a widely diversified residential and commercial services company serving customers throughout Southeastern Pennsylvania and parts of New Jersey and Delaware. Homeowners and businesses have trusted the experts at Moyer Pest Control to keep their spaces pest-free for over 30 years. “We are proud to be a family-owned business and take great care in serving our customers well,” says David Moyer, president of Moyer. “We look forward to welcoming Safeway Pest customers to the Moyer family and continuing to provide them with excellent service.” In addition to Pest Control, Moyer’s nine service divisions include Heating & Air Conditioning, Plumbing, Water Quality, Heating Fuels, Propane, Lawn Care, Tree & Shrub Care and Pool & Spa Care.

Bob Williamson, Pest & Lawn Director at Cetane Associates, comments, “We are grateful for the confidence that Safeway Pest Control put in the Cetane team to handle this important transaction. John built a great company and it was a pleasure to work with him throughout the process.”

Cetane served as the sole arranger to Safeway Pest Control. 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, 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. – November 28, 2023 – Cetane Associates (“Cetane”) is pleased to announce that Dead River Company has acquired Roby’s Propane Gas, a propane and distillates delivery business headquartered in West Wareham, Mass. The transaction was completed on November 14, 2023.

Founded over 60 years ago by Waldo and Midge Roby, Roby’s Propane Gas has a longstanding history of providing residential and commercial customers with quality energy products and prompt, responsive service. From the beginning, Waldo Roby insisted that every customer be treated, “like a member of the family”—this attitude has never changed through its growth under the management of the Roby family. Key employee/owners today include Wayne Rutledge, president; the Roby’s son Wally Roby, operations manager; and Joyce Bacchiocchi, comptroller. As a major supplier to local cranberry growers, Roby’s Propane Gas has established itself in the South Coast and Cape Cod regions of Massachusetts.  President Wayne Rutledge says, “We’re thrilled for our employees and customers that the Roby’s philosophy and practice of customer service will be carried on by Dead River Company. We built a reputable company and now know it will continue to flourish with Dead River.” Co-owner Joyce Bacchiocchi adds, “Thanks to Cetane for all you did. It was great working with Jeff and Fred. I don’t know how anyone gets through this process without you.”

Dead River Company, founded in 1909 by Charles Hutchins, had its roots in the forest products industry. In 1936, Dead River Company entered the petroleum business and has since grown to be the largest full-service heating provider in northern New England. By operating locally- managed offices throughout Maine, New Hampshire, Vermont, and Massachusetts, it maintains deep roots in the communities that it serves. Casey Cramton, Dead River Company President and Chief Executive Officer, states, “We are honored that co-owners Wayne, Wally and Joyce selected Dead River Company to continue caring for Roby’s Propane Gas customers, employees and communities served.  Our aligned values will help ensure that their employees and customers feel right at home.”

Jeff Brunner, Director at Cetane Associates, says, “It was great to work with the owners at Roby’s. They operated, managed and grew an excellent propane company. I wish Wayne, Wally, and Joyce all the best in their next endeavors.”

Cetane served as the sole arranger to Roby’s Propane Gas. 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 Duncan McMurchie 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. – 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.


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Completed Transactions

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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