HOP Energy, White Plains, N.Y., acquired Dominick Fuel, a full-service heating fuels delivery business located in Norwalk, Connecticut, Cetane Associates announced.
A. Dominick & Sons was founded in 1945 by Andrew “Andy” Dominick, Sr., with the intention of turning it into a family business. His three sons were each given a chance, at age 16, to accompany their father on deliveries during the summer. All three sons learned the business and eventually assumed full ownership in 1982, changing the name to its current brand, Dominick Fuel, which now delivers heating oil, diesel, and propane.
Within the family, ownership changed hands over the years. Co-owner and General Manager, Randall “Randy” Dominick, founder Andy’s grandson, said, “With our strong emphasis on excellence in delivery and service, we are pleased to now be part of HOP Energy because they share those values. Selling to HOP Energy is a win for our customers, employees, and the community of Fairfield County.”
One of the largest heating oil companies in the northeastern United States, established over the last 22 years through the acquisition of over 50 separate heating oil companies, HOP Energy’s service area now stretches across eight states from Vermont to Delaware. HOP Energy Chief Executive Officer Michael Anton said, “We welcome the Dominick Fuel team to our growing business. Their Connecticut roots are a great addition to our operations based on a ‘local people and local service’ philosophy.”
Cetane Associates (www.cetane.net), Kent, Connecticut, served as the arranger and financial advisor to Dominick Fuel. The transaction closed Aug. 19 and was announced Aug. 26 by Cetane.