Paraco Gas Corp., Rye Brook, N.Y., announced the acquisition of Bay Gas in Shirley, N.Y. The family-owned propane company was founded by Jack O’Loughlin in 1968, and was most recently operated by his son, John O’Loughlin.
“This is our second acquisition of 2017 and we are honored to welcome Bay Gas to our family of acquired companies,” said Christina Armentano, Paraco’s vice president of business development. “The acquisition offers a unique opportunity to acquire a company known for its first-class service, quality of employees and strong customer presence, especially in Suffolk County and on the east end of Long Island.”
Paraco has been serving Long Island since 1985. With the acquisition, Paraco will increase its customer base on Long Island to 65,000 and will serve all of Nassau and Suffolk Counties from four distribution locations: Bay Shore, Bohemia, Riverhead and now, Shirley.
John O’Loughlin said, “We are very proud of the legacy my father and I created on Long Island. A family business in every sense of the word had given Bay Gas Service the opportunity to service 20,000 plus loyal customers and friends which I would like to express my extreme gratitude for.” John further stated “Having had a long-standing relationship with the Armentano family, I can’t think of a better company to continue our efforts to service our customers and take care of employees.”
Paraco acquired Island Propane, based in Ronkonkoma, N.Y., earlier this year. Paraco is a privately held propane company. Family owned and operated, Paraco was founded in 1968 by Pat Armentano. Today, Paraco serves over 108,000 residential and commercial customers from 24 distribution locations in New York, New Jersey, Connecticut, Pennsylvania, Rhode Island, Massachusetts, New Hampshire and Vermont.
Photo courtesy of Paraco Gas Corp.