Rhoads Energy Corp. in Lancaster, Pennsylvania, acquired the full-service heating oil business of Mack Oil Company, Inc., in Malvern, Pennsylvania. The acquisition was announced by Cetane Associates, which served as the arranger and financial advisor for Mack Oil Co.
Founded in 1931, Mack Oil, operating under the name Mack Services Group, delivers heating oil and HVAC services to residential customers located between Bryn Mawr and Gap in southeastern Pennsylvania. In addition, Mack Oil makes bulk deliveries of motor fuels to commercial customers in Chester, Delaware, Montgomery, Bucks, Lancaster, and Berks counties in Pennsylvania, owns and operates three Pacific Pride branded cardlock sites, and markets retail, and sells natural gas supply to residential and commercial customers within PECO Energy Company’s natural gas distribution service territory.
Rhoads Energy Corp. has been servicing customers in the Lancaster region of Pennsylvania for more than 100 years. Under the trade names Rhoads Energy, Atlas Oil, EG Smith Inc, Boyertown Oil, and Vincent R. Boltz, Rhoads delivers heating oil, propane, and HVAC services to residential and commercial customers throughout southeastern Pennsylvania and sells natural gas supply to residential and commercial users within the natural gas distribution service territories of UGI Corp. and PECO Energy Co.
Michael DeBerdine, CEO of Rhoads Energy Cos., said, “We are excited to welcome the Mack Service Group’s customers and employees.”
“Selling our family business to Rhoads Energy was a pretty natural decision,” said Dave McCorry, president of Mack Oil. “My brothers and I desired to see a smooth transition for our customers and our employees. We knew that the Rhoads team enjoys strong reputations for both customer service and workplace job satisfaction.”
Cetane Associates advises on sales, spin-offs, and acquisitions, and performs valuations and ad hoc corporate finance assignments. For more information visit www.cetane.net.