Acquisition Announcement: Shipley Energy Acquires the Heating Oil and HVAC Assets of Yeager’s Fuel
HOUSTON, Texas – October 26, 2026 – Cetane Associates (“Cetane”) is pleased to announce that Shipley Energy based in York, Penn., has acquired the heating oil and HVAC assets of Yeager’s Fuel, Inc. (“Yeager’s”), located in Allentown, Penn. The transaction closed on September 30, 2026.
Yeager’s traces its roots to 1939, when founder Richard “Dick” Yeager began delivering coal to the Hazleton School District. Over the following decades, the company expanded into heating oil, air conditioning and full-service heating and cooling. Under the leadership of owner Tony Malandra, who acquired the business in 2001, Yeager’s grew to become the largest privately owned full-service oil heat company in Allentown.
Tony Malandra, third generation owner of Yeager’s, commented, “I’m pleased with the outcome of the sale and grateful to Cetane for helping guide us through the process. Yeager’s has a long history in the Lehigh Valley, and I am proud of what our family and team have built over the years. I’m confident Shipley Energy will continue to serve our customers well, and I look forward to seeing the business continue to grow.”
Shipley Energy is a fourth-generation, family-owned energy company that has served residential and commercial customers throughout the Northeast for more than 90 years. The company provides a range of energy solutions and is committed to improving customers’ energy experience and supporting the communities it serves.
Dave Gruno, CEO of Shipley Energy, remarked, “We are excited to welcome Yeager’s customers and employees to the Shipley Energy family. We look forward to building on the company’s long history in the Lehigh Valley and ensuring customers continue to receive the dependable service and personal attention they have come to expect.”
Doug Woosnam, Director at Cetane Associates, said, “We are very pleased for Tony and the Yeager’s team. Tony has continued a remarkable family legacy and built a strong business with strong roots in the Lehigh Valley. We’re glad to have helped him navigate this transition and wish him all the best in the future.”
Cetane served as the sole arranger for Yeager’s. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms, and coordinating the due diligence process. Team members Doug Woosnam, Duncan McMurchie, Fred Lord, Dalton Brooks, Whitney Parsley and Jack McMurchie managed the transaction.
About Cetane Associates
Cetane is a leading provider of financial advisory services to business owners in the propane, heating oil, pest control, lawn care, landscaping, HVAC & plumbing, and refined fuels & convenience retail industries. Clients engage Cetane to advise on sales, spin-offs, and acquisitions, as well as to perform valuation and ad hoc corporate finance assignments.
