Cota’s Propane Tank Service sells to Roberts Energy

Roberts Energy, a family-owned fuel distributor based in New England, acquired Cota’s Propane Tank Service, a Vermont-based propane distributor and tank service company.

FuelExchange, the merger and acquisition service of Gray, Gray & Gray, announced the acquisition. Marty Kirshner of FuelExchange represented Cota’s Propane Tank Service in the transaction.

“We can’t thank the FuelExchange team enough for the guidance and support they provided from start to finish,” say Kelly and Tim Cota, founders of Cota’s Propane Tank Service. “We knew from our early conversations at industry events that they were the right partner to help us navigate the sale of our business. They really paid attention to what was important to us and made this complex process run smoothly. We are very pleased with the results.”

“We were privileged to work with Kelly and Tim Cota on this transaction,” says Kirshner, partner and chair of the Energy Practice Group at Gray, Gray & Gray. “Early on, we helped them define their objectives and the buyer profile they sought. They were very involved in the process dynamics and in selecting Roberts Energy. Both sides are pleased with the result and looking forward to the next chapter.”

“Working with Carl [Kaplan] and Marty [Kirshner] at FuelExchange was a great experience,” says Frank Roberts, president of Roberts Energy. “They have intimate knowledge and real-world experience in the industry, and the materials they put together were fantastic. The communication was clear and concise, and they did a great job trying to create alignment from buyer and seller quickly. As a company that does not often buy businesses through a formal process, I found a lot of value in their approach, and very much look forward to working with them again.”

FuelExchange assists those interested in buying, selling or merging a propane, fuel oil, HVAC or plumbing business, helping to facilitate transactions as a “one-stop” resource for identifying potential partners, marketing companies for sale, determining business valuation, managing transactions and developing post-sale financial and operational strategies.

Gray, Gray & Gray is a member of CPAmerica Inc., one of the largest associations of independent accounting firms in the United States. The firm serves clients in a broad range of industries.

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