Santoro Oil Co., a wholly-owned subsidiary of Total Energy Capital Corp., Providence, R.I., acquired the heating oil delivery and HVAC equipment installation and maintenance business of Hometown Heating, Brooklyn, Conn.
Hometown Heating, founded in 1998, sells and delivers heating oil and performs installation and maintenance of heating and cooling equipment to residential and light commercial customers in and around Brooklyn.
Total is a third-generation family-owned and operated company with subsidiaries located in the New England and Mid-Atlantic regions. Besides Santoro Oil in Providence, R.I., Total’s subsidiaries include: ckSmithSuperior Oil in Worcester, Mass.; Ocean State Oil in North Kingstown, R.I.; and Domestic Fuels & Lubes in Chesapeake, Va., and Everetts, N.C. Total is a full-service provider of heating oil, propane, motor oil, lubricants, DEF, diesel, gasoline, and HVAC services and installation to more than 25,000 residential, marine, and commercial customers.
John Santoro, president and chief executive officer and owner of Total, said, “We’re really pleased to complete this transaction with the Booths and begin the work of integrating our companies and the expansion of our marketing area to include Northeastern Connecticut.” Total continues to look for acquisitions, he said.
The transaction closed on October 5, and was announced Oct. 15 by Cetane Associates, Kent, Conn., which served as the arranger and financial advisor to Hometown Heating. For more information, visit www.cetane.net.