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Skylands Energy Service acquires M.J. Neill

February 2, 2022 By    

Raritan, New Jersey-based Skylands Energy Service acquired the full-service energy supply business of M.J. Neill. Terms of the deal were not disclosed; the transaction was finalized on Jan. 18.

Located in nearby Bernardsville, M.J. Neill has been a family-owned and -operated business for more than 100 years.

The company has evolved from coal to heating oil to offering service and propane for cylinder exchange and diesel fuel for commercial vehicles.

“M.J. Neill has been dedicated to quick response to customer heating needs for over a century,” David Neill, fourth-generation owner and president, says. “We are proud of our legacy and pleased to have completed this successful transaction with Skylands Energy Service.”

Skylands Energy is a HVAC company, also family-owned and -operated. The company delivers home heating oil throughout central New Jersey, as well.

“We are glad to bring M.J. Neill into the Skylands Energy Service family,” Edward Miller, Skylands Energy president, says. “Their well-known local reputation and loyal customers are welcome additions to our operation.”

Cetane Associates served as the sole arranger and financial adviser to M.J. Neill. 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 Doug Woosnam and Steve Abbate.

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About the Author:

Danielle Pesta is a digital editor for North Coast Media, the parent company of LP Gas. She can be reached at dpesta@northcoastmedia.net.

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