Townsend Energy acquires Bartlett & Steadman

August 28, 2025 By Sydney Fischer 0 Comments

Townsend Energy, based in Danvers, Massachusetts, has acquired Bartlett & Steadman, a plumbing and HVAC company based in Marblehead, Massachusetts. The acquisition was facilitated by FuelExchange, the merger and acquisition service of Gray, Gray & Gray.

The acquisition of Bartlett & Steadman expands the service capabilities of Townsend Energy.

“We would like to extend our sincere gratitude to Gray, Gray & Gray’s FuelExchange team for their invaluable guidance throughout the acquisition of Bartlett & Steadman,” says Brookes Townsend, president of Townsend Energy. “Marty demonstrated exceptional professionalism at every stage of the process, making this complex transaction seamless and efficient. We are truly honored and excited to have landed this deal, and we appreciate the team’s expertise and support in helping us achieve this milestone. Their dedication and insight were instrumental in making this a success.”

FuelExchange assists those interested in buying, selling or merging a propane, fuel oil, HVAC or plumbing business, helping to facilitate transactions as a “one stop” resource for identifying potential partners, marketing companies for sale, determining business valuation, managing transactions and developing post-sale financial and operational strategies.

“It was a pleasure working with Mike Steadman on this transaction,” says Marty Kirshner, CPA, MSA, partner and chair of the Energy Practice Group at Gray, Gray & Gray. “I was very excited to see we could find a partner in Townsend that would embrace the brand and the workforce, and look to take it to the next level.”

Gray, Gray & Gray is celebrating its 80th anniversary in 2025. The firm serves clients in a broad range of industries. Gray, Gray & Gray is a member of CPAmerica Inc., one of the largest associations of independent accounting firms in the United States.