DIVERSIFIED ENERGY DISTRIBUTOR AND SERVICES PROVIDER

Premium heating oil distributor and HVAC service provider serving northern NJ. Sold over 6.2 million gallons last year with 82% from customers enrolled in the automatic refueling program, resulting in highly stable and predictable cash flows. Ownership considering retirement, looking to sell.

Highlights:

  • 2018 Revenue – $22.3mm.
  • Roughly 85% liquid sales, 10% HVAC installations, and 5% service agreements.
  • Operates in the 5th largest oil market in the 11 northeastern states.
  • Over 5,600 active customers; over 6.2 million gallons sold last year.
  • 82% of oil gallons sold came from automatic refueling customers.
  • 6,380 sq. ft. owned facility on 1.384 acres of land. Separate block garage provides additional 3,696 sq. ft.
  • 18 oil delivery trucks, 2 transport tractors, 30 service vans, and 10 other company owned vehicles.

Certifications and compliance:

  • Hazardous waste hauling permit
  • Tank removal and remediation
  • Underground storage tanks

Key Contact:

Matt LoCascio

(866) 969-1115 ext. 3

Please see the Investment Teaser then return a completed Confidentiality Agreement by email to Debbie Beall or by fax, 866-604-9434 for further information.