Press Releases

Acquisition Announcement: Blue Flame Gas Company

NEW MILFORD, Conn. – September 12, 2023 – Cetane Associates (“Cetane”) is pleased to announce that Eastern Propane Gas, Inc. (Eastern Propane), a New Hampshire corporation, has acquired the business assets of R. B. Sahagen, Inc. DBA Blue Flame Gas Company (Blue Flame), headquartered in Rangeley, Maine. Blue Flame is a full- service propane sales, […]

Cetane Celebrates 100 Sell-Side Transactions

NEW MILFORD, Conn. – August 23, 2023 – Cetane Associates announces completing its 100th sell-side transaction in July 2023. This milestone of providing expert financial advisory services to 100 business owners in the retail energy distribution and home services industries is a marker of continuing success. Principal and Managing Director Barrett Conway states, “From our […]

Acquisition Announcement: Sperr’s Fuel & Heating Co.

NEW MILFORD, Conn. – August 15, 2023 – Cetane Associates (“Cetane”) is pleased to announce that American Lease, Inc. (“American Lease”), a Delaware corporation, has acquired certain tangible and intangible assets related to the residential distillates delivery and service business of Sperr’s Fuel & Heating Co. (“Sperr’s Fuel”), a corporation based in Glen Mills, Pa. […]

Acquisition Announcement: Hartmann Oil & Propane

NEW MILFORD, Conn. – August 8, 2023 – Cetane Associates (“Cetane”) is pleased to announce that Energy North Incorporated, DBA Haffner’s, of Lawrence, Mass. has acquired certain tangible and intangible assets related to the full-service heating fuels and propane delivery business of Andrew Hartmann, Inc. DBA Hartmann Oil & Propane (“Hartmann”), a New Hampshire corporation. […]

Aquisition Announcement: Horan Oil Corporation

NEW MILFORD, Conn. – July 18, 2023 – Cetane Associates (“Cetane”) is pleased to announce that MacFarlane Energy, Inc (“MacFarlane Energy”), a Massachusetts corporation, has acquired certain tangible and intangible assets of the full-service heating fuels business of Horan Oil Corporation (“Horan Oil”), a corporation based in Stoughton, Mass. The transaction closed on June 28, […]


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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