Sail Energy purchases Rinker Oil
January 10, 2022 By Ellen Kriz
New Hampshire-based Sail Energy acquired the full-service propane, heating fuels and motor fuels delivery business of New York-based Rinker Oil Corp.
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New Hampshire-based Sail Energy acquired the full-service propane, heating fuels and motor fuels delivery business of New York-based Rinker Oil Corp.
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D.E. Duffey & Sons, based in Plymouth Meeting, Pennsylvania, acquired the heating oil business of Sheller Oil & Propane of West Chester, Pennsylvania.
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Gault Family Cos. of Westport, Connecticut, acquired Rural Fuels, a residential propane delivery business based in Trumbull, Connecticut.
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HOP Energy of White Plains, New York, has acquired certain assets of Dominick Fuel, a heating fuels delivery business located in Norwalk, Connecticut.
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Koppy’s Propane, headquartered in Williamstown, Pennsylvania, acquired the propane assets of Miller’s Gas & Oil Service, based in Shamokin, Pennsylvania.
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Nancy Coop will head the marketing activities of Cetane Associates, a financial advisory firm for the propane and heating oil industries.
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An EBITDA multiple is the most common way to value businesses, and determining the multiple to use is based on value drivers.
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Dead River Co. of South Portland, Maine, acquired the heating oil, propane and service business of Fortier & Son of Somersworth, New Hampshire.
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If you are a purchaser looking to acquire, do your adjusted EBITDA financial projections and look hard at the value drivers to make the right investment.
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Cetane Associates added Joe Rosengrant to its team of financial advisory professionals as a director of business development.
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