Dead River buys Roby’s Propane Gas

Dead River Co. acquired Roby’s Propane Gas, a propane and distillates delivery business headquartered in West Wareham, Massachusetts.

Founded more than 60 years ago by Waldo and Midge Roby, Roby’s Propane Gas provides energy services to residential and commercial customers. As a major supplier to local cranberry growers, Roby’s has established itself in the South Coast and Cape Cod regions of Massachusetts.

“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 Co.,” says Roby’s President Wayne Rutledge. “We built a reputable company and now know it will continue to flourish with Dead River.”

Dead River Co., founded in 1909 by Charles Hutchins, has its roots in the forest products industry. In 1936, Dead River entered the petroleum business. By operating locally managed offices throughout Maine, New Hampshire, Vermont and Massachusetts, it maintains deep roots in the communities that it serves.

“We are honored that co-owners Wayne, Wally and Joyce selected Dead River Co. to continue caring for Roby’s Propane Gas customers, employees and communities served,” says Casey Cramton, Dead River president and CEO. “Our aligned values will help ensure that their employees and customers feel right at home.”

Cetane Associates served as the sole arranger to Roby’s Propane Gas. It advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in the negotiation of final deal terms, and coordination of the due diligence process. Team members Jeff Brunner, Fred Lord, Dalton Brooks and Duncan McMurchie managed the transaction.