Roberts Energy and Brown Bear Transportation announced the acquisition of New Hampshire-based transportation company, Abenaqui Carriers.
Roberts is one of the largest direct fuel suppliers and petroleum common carriers in the Northeast. Brown Bear is the company’s transport division.
Abenaqui Carriers has 100 employees and has served the northeast region since 1973. It is a family-run company. The Roberts acquisition aims to be seamless, keeping the Abenaqui Carriers name and continuing business with existing processes in place, Roberts Energy said in a statement announcing the deal. There will be no layoffs and the original team is staying aboard, Robert Energy said.
“Our goal is to provide Abenaqui customers with the latest conveniences and technology while maintaining the personal relationships and high level of service,” Roberts Energy President Frank Roberts said. “We look forward to incorporating the specialized carrier services Abenaqui has to offer into our other markets across New England.”
Tenney Group, an industry specialized M&A advisory firm, advised Abenaqui Carriers.
Roberts Energy is a supplier of motor fuels and diesel exhaust fluid to commercial end-users, wholesale customers, and unbranded retailers. Specializing in helping customers manage fuel costs through risk management products, inventory management, and equipment and technology solutions.
Brown Bear Transportation (a division of Roberts Energy) is a common carrier that delivers petroleum products across the northeast lifting out of Springfield, Boston, New Haven, Providence, Albany, Portland and Montreal, Canada.