Star Group Acquires Blue Light Energy

Star Group announced that it acquired Blue Light Energy. Star Group specializes in the sale of home heating products and services and is the nation’s largest retail distributor of home heating oil. With operations in states throughout the Northeast, Mid-Atlantic and Midwest, Star Group has a suite of regional HVAC and home comfort service brands that serve more than 500,000 residential and commercial customers. 

Anthony Silecchia, Vice President of Star Group, stated, “This partnership with Blue Light Energy is an exciting addition for our company and we are thrilled to welcome their team to the Star Group family. We look forward to building upon the premier service reputation that Blue Light Energy has earned in taking care of the communities on the South Fork of Long Island.” 

The establishment of Blue Light Energy LLC of Bridgehampton, N.Y., dates to November 2012, when lifelong friends Albert (Albie) McCoy and Robert (Bob) Schiavoni teamed up to start the propane company on the East End of Long Island. The partners saw a need for a local propane provider offering first-rate service and personalized customer care in their Long Island neighborhood. “When Albie and I started Blue Light Energy, we had a vision to build a first-class propane business,” Schiavoni said.

Blue Peak Resources, an advisor to Blue Light Energy, served as the facilitator and negotiator of the sale. The team provided the financial valuations, prepared the business offering package to potential buyers, and assisted in the negotiations and final deal terms. John Armentano and Mike Gioffre are partners in Blue Peak Resources.

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