Eastern Propane & Oil acquires J.P. Carroll Fuel Co.
November 14, 2025 By Brian Richesson
Eastern Propane & Oil, a New Hampshire corporation, acquired J.P. Carroll Fuel Co., located in Limerick, Maine.
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Eastern Propane & Oil, a New Hampshire corporation, acquired J.P. Carroll Fuel Co., located in Limerick, Maine.
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Nancy Coop, an LP Gas Hall of Famer, will retire from Cetane Associates and the propane industry at the end of this year.
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Barrett Conway, managing director of Cetane Associates, explains how the OBBBA will enhance the propane industry’s appeal to investors.
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Cetane Associates served as the sole arranger to Southwest Propane in the deal with Blossman Gas.
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Both new hires provide support to Cetane’s mergers and acquisitions deal execution team.
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The transaction includes the sale of about 750,000 gallons of propane storage facilities and a fleet of delivery vehicles used to serve thousands of customers.
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Cetane Associates assisted in the transaction between Blueox and Ace-Robbins, which closed on June 6.
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See images of propane professionals involved in training and celebrating their accomplishments.
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Get a behind-the-scenes look at the 2025 LP Gas Hall of Fame with a recap of the night and a photo collage of attendees.
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What we learned from the 25 biggest mergers and acquisitions of the past 25 years.
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