Diversified Energy Distributor and Services Provider

Orange, NJ (Essex County)

Diversified Energy Distributor and Services Provider
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $22,300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1942

Diversified Energy Distributor and Services Provider

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Business Description

Heating Oil Delivery and HVAC Service and Installation

Equity Partners HG has been retained to explore strategic options, including a sale, for a premium heating oil distributor and HVAC service provider serving northern New Jersey (the “Company”). Founded almost 100 years ago, the Company offers oil delivery and heating and cooling installation and service to both residential and commercial customers.

The Company has consistently made strategic investments in technology over the years, enabling improved monitoring and increased productivity in oil delivery. As a result, the Company’s automatic delivery program, which accounts for 82% of liquid sales, is among the most accurate and efficient in the industry. Last year, the Company sold over 6.2 million gallons and because the large majority came from customers enrolled in the automatic refueling program, cash flow is highly stable and predictable.

The Company services, sells, and installs high-efficiency heating and cooling equipment (HVAC) supported by comprehensive maintenance service contracts. The staff is highly skilled, with significant tenure and experience. Most of the technicians have New Jersey Master HVACR licenses or are in a Department of Labor approved apprenticeship program to obtain it. They are also an authorized Generac generator dealer specializing in installations on a full range of residential and commercial properties as well as specialists in rooftop AC units.

Ownership, who is considering retirement and preparing for the next phase, is proactively looking at options for the Company going forward, including bringing on a partner or selling some or all of the business. This is a unique opportunity to partner with or acquire a well-run, profitable business in a growing industry, one with an impressive customer base, significant assets, and an experienced professional team.

Detailed Information

Location:
Orange, NJ
Real Estate:
Owned
Building SF:
10,000
Employees:
62
Facilities:
The Company operates out of an owned facility on a 1.384 acre site, close to major highways and terminals. The site is improved with a one-story masonry building containing 6,380 square feet that houses the corporate offices and a two-bay truck garage. A separate block garage provides an additional 3,696 square feet of space. There are two loading racks and seven underground storage tanks at the facility, including three 30,000-gallon No. 2 fuel oil tanks, two 15,000-gallon No. 2 fuel oil tanks, one 2,000-gallon unleaded gasoline tank, and one 1,000-gallon heating oil tank.
Competition:
Operates in the 5th largest oil market in the 11 northeastern states
Growth & Expansion:
Over 5,600 active customers; over 6.2 million gallons sold last year.
Reason for Selling:
Ownership considering retirement
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Ken Mann

Business Listed By:
Debbie Beall

Equity Partners, Inc.

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