HOP Energy of White Plains, N.Y., acquired the assets of Cernak Fuel Corp. of Easthampton, Mass., announced Cetane Associates, which served as the sole arranger and financial advisor to the seller.
Cernak Fuel Corp. is a marketer of heating oil, kerosene, and diesel fuel to residential and small commercial customers throughout central Massachusetts. All of Cernak’s employees will continue to work from the existing office in Eastampton, according to the Aug. 3 announcement of the transaction.
HOP Energy is a Northeast supplier of propane, heating oil, motor fuels and home services. The Cernak Fuel acquisition marks HOP’s 50th acquisition since its founding in the mid 1990’s.
Cetane Associates, Kent, Conn., provides financial advisory services to the retail energy marketing industry.