Sail Energy of Portsmouth, N. H., acquired full-service heating fuels and propane delivery business Blanchard’s Cash Fuel, a Maine corporation.
In 1995, Don Blanchard started Blanchard’s Cash Fuel with one truck out of an office at his home. Over the past three decades, Blanchard’s has grown to include a facility with multiple office spaces, two garages, a total of 135,000 gallons of heating oil/diesel storage and two 30,000-gallon propane bulk tanks. Blanchard’s serves customers in Androscoggin County and surrounding areas. Five members of the Blanchard family share in the ownership.
Founder Don Blanchard said, “Our goal has always been to provide our customers what they need and do the same for our employees. This transaction with Sail Energy ensures that goal will continue to be met.”
Sail Energy has operated in the energy distribution market since 2014, growing its market through acquisitions. Sail Energy now serves over 35,000 customers in five New England states, New York, and Pennsylvania. Dennis O’Brien is President and Chief Executive Officer of Sail Energy. Cetane served as the sole arranger to Blanchard’s. The transaction was completed on September 30, 2023.