MacFarlane Energy Acquires Horan Oil
MacFarlane Energy, a Massachusetts corporation, acquired assets of the full-service heating fuels business of Horan Oil, Stoughton, Mass.
Horan Oil was established in 1936 by William T. Horan and his sons Edward and Leo. By the 1960s Edward’s sons had joined the business and in 1988 James (“Jim”) M. Horan took the lead, expanded the customer base, and added HVAC installation and service to Horan Oil’s offerings.
The company continued to expand and upgrade its facilities, and introduced fuel additives. Today Horan Oil serves residential and commercial customers in Norfolk, Bristol, Plymouth, and Middlesex counties. Horan Oil CEO Jim Horan comments, “We’re happy to have our family legacy carried on by our trusted colleagues and friends at MacFarlane Energy. Their dedication to serving customers matches what we consistently strive for at Horan.”
MacFarlane Energy is also a family-owned and -operated business. Founded in 1946 by Peter MacFarlane, the business has experienced continuous growth since its inception. After Peter’s passing in 1987, his son Scott D. MacFarlane took the reins. President Scott MacFarlane says, “We are pleased and honored to continue Horan Oil’s great record of excellent customer service and welcome their team members to the MacFarlane family.”
The transaction closed on June 28, 2023. Cetane Associates (www.cetane.com) served as the arranger and financial advisor to Horan Oil.