SOS Xtreme Comfort consolidates business

July 8, 2024 By     0 Comments

M. Spiegel & Sons Oil LLC, which does business as SOS Xtreme Comfort (SOS), acquired the propane, distillates and HVAC service business of M. Spiegel & Sons Oil Corp., which does business as SOS Xtreme Comfort (Spiegel Corp.), headquartered in Tuxedo Park, New York.

SOS is a limited liability company established by Jeffrey Spiegel. As the past executive vice president and shareholder of Spiegel Corp., he now becomes the principal owner of Spiegel Corp.

“Making a transition at this point was the solution our family business was ready for,” says Jeffrey Spiegel.

Meredith Spiegel, COO of SOS, adds: “I’m excited for the future of our outstanding company and our ongoing commitment to our employees and serving our valued customers.”

Founded in 1934 by Murray Spiegel, Spiegel Corp. has been a cornerstone in its region for over nine decades, spanning four generations of the Spiegel family.

In recent years, Robert Spiegel and Jeffrey Spiegel adopted technological advancements to modernize the company, including wireless delivery, cellular tank monitors and vehicle cameras. Further innovation in customer service allowed steady growth, and the company is now one of the largest residential propane and heating oil providers in New York’s Orange County and Hudson Valley and northern New Jersey communities.

“Our business strength is our family, which began with our founder, Murray Spiegel,” says Robert Spiegel, president of Spiegel Corp. “We are pleased to make this transition with Jeff and to watch the legacy continue under his leadership. This is a win-win-win for all of our shareholders, employees and customers.”

Cetane Associates served as the sole arranger and financial adviser to Spiegel Corp. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process and assisting in negotiating the final deal terms. Team members Fred Lord, Jeff Brunner, Barrett Conway, Dalton Brooks and Whitney Parsley managed the transaction.

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