Home > Author Archives: Stephen Bennett

Author Archives: Stephen Bennett

NBB Presents Seminars on Biodiesel

Regional, one-day seminars designed to educate fuel wholesalers, distributors, retailers, marketers, fleets, and municipalities on the benefits and opportunities of biodiesel are being held in various cities around the country. The first was in Boston, Mass., on June 12., and four more are scheduled. The sessions are designed to provide an understanding of biodiesel’s place in today’s liquid fuels supply ...

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A Family Affair: Kube Propane

Randy and Melissa Kube are building a propane business on expertise and “people skills,” reports contributing writer Maura Keller. About three years ago, Randy Kube was approached by one of his former bosses about opening his own company. “He gave me a name of someone who would back my wife and I, and help us get started,” Kube says. That’s ...

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Otodata Is New Entrant in U.S. Tank Monitoring Market

Otodata, a tank monitoring company based in Montreal, is a new entrant in the U.S. market this year. Otodata’s hardware contains two SIM cards, allowing Otodata to switch its monitoring system from AT&T to other carriers dynamically, says Andre Boulay, Otodata’s president. The design is “not only to make sure the unit has communication capabilities, but to optimize the battery ...

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OBITUARY: Kevin Rooney, CEO of OHILI

Kevin Rooney, CEO of the Oil Heat Institute of Long Island for more than 35 years, died on June 9, the Institute announced. The cause of death was pancreatic cancer, according to an obituary published online by the Branch Funeral Home, Smithtown, N.Y. Rooney was 68 years old. “On behalf of the Board of Directors, I am deeply saddened to announce ...

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Energy Distribution Partners Acquires Sal’s Propane

Sal’s Propane, Inc., a family-owned company based in Los Angeles, Calif., has sold its commercial propane business to Energy Distribution Partners (EDP), Chicago, Ill. Sal’s Propane provides propane and propane equipment to commercial and industrial customers throughout Los Angeles, and operates a wholesale business in the same territory. The company, which has been serving customers in the Los Angeles area ...

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F.W. Webb Acquires North Fork Plumbing & Heating Supply

F.W. Webb Co., Bedford, Mass., acquired North Fork Plumbing & Heating Supply, a wholesale distributor of plumbing, heating and HVAC equipment, parts and accessories in Riverhead, N.Y. Established in 1982, North Fork Plumbing & Heating Supply has been serving residential and commercial contractors across Long Island from Montauk to Queens. It is the first F.W. Webb wholesale store on the ...

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Marjorie Feinman: ‘Woman of the Year’

Women in Energy presented its first annual Woman of the Year Award to Marjorie Feinman for outstanding contributions to the industry. “Marjorie is an asset to our organization and our industry,” says Judy Garber, executive director of Women in Energy. “We are thrilled to honor her as the very first recipient of our Woman of the Year Award.” Feinman’s career ...

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PGANE Trains Firefighters

More than 100 hazmat technicians from fire departments throughout New Hampshire attended emergency response training provided by the Propane Gas Association of New England. With a grant from the state’s Department of Safety, and working in conjunction with the New Hampshire Fire Academy, PGANE offered a full day’s training—live propane demonstrations including leak mitigation and assessment of bobtail and tractor-trailer ...

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Building a Bulk Plant: Van Etten Oil & Propane Expands

Over a period of about six weeks this spring, Van Etten Oil & Propane built a 60,000-gallon propane storage system on its property in Monticello, N.Y. Here are some other facts about the project: -Two 30,000-gallon propane tanks, made of half-inch thick steel, each weighing 80,000 pounds when empty -The facility has one loading stanchion, and is piped for a ...

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On Setting a Price for Your Company

What a seller takes home after the sale is more important than the price the company sells for, writes columnist Steven Abbate: After years of hearing that companies can’t be valued by the gallon, owners are beginning to grasp the idea that companies are valued based on return on investment, usually in the form of a multiple of EBITDA (Earnings ...

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