NRG Acquires Hart & Iliff; Weaver Energy Acquired

NRG Heat & Power, Rye Brook, N.Y., acquired Hart & Iliff Fuel and Energy Systems in Newton, N.J., Cetane Associates announced.

Hart & Iliff was established in 1889 by brothers-in-law Nathan H. Hart and Louis S. Iliff. The company originally sold feed, grain, coal, and building materials. Over time, they expanded into heating oil sales and the installation and servicing of heating and air conditioning systems. After several years of partnership, Louis Iliff acquired Nathan Hart’s share of the business. The Iliff family managed the company until 1971, when it was sold to Albert and Florence Brand. For more than 130 years, the owners have grown their business by consistently prioritizing their customers’ needs. Charles J. Brand, owner of Hart & Iliff, commented, “This transaction is a milestone in our long history. We are proud of our people and know that our customers will remain in steady and caring hands going forward.”

NRG was established in December 1996 by partners with a combined 65 years of experience in the oil industry, focusing on wholesale supply, distribution, and retail heating fuels across N.Y., N.J., and Pa. NRG operates a group of companies, including Liberty Oil & Propane in Pennsylvania, Clickable Oil in Northern New Jersey, and NRG Wholesale in Elizabeth, N.J. Guy Pipolo, partner at NRG, stated, “It’s an honor to own a company with such a rich history. We’ll carry on their legacy by continuing to provide exceptional service to their customers.”

Cetane (www.cetane.com) served as the arranger and financial advisor to Hart & Iliff. The transaction closed on October 1. Cetane also announced that Guttman Energy and its business entity Source One Transportation, both based in Belle Vernon, Pa., acquired Weaver Energy, Inc., Lititz, Pa. The transaction closed on September 16, 2024.

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