Press Releases

Acquisition Announcement: A. W. Peters, Inc.

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. […]

Duncan McMurchie Joins Cetane Associates

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 Awarded Top 10 M&A Advisors in 2022

KENT, Conn. – November 15, 2022 – Cetane Associates LLC announces being named to the “Top 10 Mergers and Acquisitions Consulting Firms 2022” in Financial Services Review’s (FSR) annual edition on M&A advisory firms. FSR will feature a profile of Cetane in the magazine’s December issue. Cetane’s founder Steve Abbate commented, “From the beginning, our […]

Prone M&A Consultants

Acquisition Announcement: Heaps Oil Company

KENT, Conn. – November 3, 2022 – Cetane Associates LLC (Cetane) is pleased to announce that Tevis Energy, Inc. (Tevis Energy), a Maryland corporation, has acquired certain assets related to the operations of Heaps Oil Company, Inc. (Heaps Oil) a full-service distillates delivery business located in Whiteford, Md. The transaction closed on October 27, 2022. […]

Acquisition Announcement: Charlie Burnham Energy & Heating

KENT, Conn. – October 27, 2022 – Cetane Associates LLC (“Cetane”) is pleased to announce that Dead River Company, of South Portland, Maine, has acquired the full service propane and heating oil delivery business and HVAC business of Charlie Burnham Energy & Heating Service, based in Freeport, Maine. The transaction closed on October 12, 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