August 28, 2007
Barry Gosin of Gosin M&A, a leading mergers and acquisitions firm for lower middle market and middle market companies, is pleased to announce the acquisition of Monsterfuel, LLC by Griffith Energy Services, Inc.
Monsterfuel, located in Blue Bell, Pennsylvania provides heating oil and HVAC services to thousands of customers in Philadelphia, PA and the surrounding suburbs. Monsterfuel also provides outsourced mobile on-site refueling services for transportation, distribution, logistics and other customers with fleets of trucks that return to a depot each night.
Monsterfuel was formed in 2006 through the aggregation of three local businesses, Keystone Fuel Oil based in Broomall, PA, Trevose Oil Company based in Trevose, PA and Excel Fuel Service based in Philadelphia, PA. Following each acquisition, Monsterfuel executed its integration strategy, expanded each company through organic sales and marketing efforts and added technology to enable Monsterfuel’s owners to manage key metrics.
Griffith Energy, based in Columbia, Maryland, is a division of publicly traded Central Hudson Gas & Electric and is one of the largest heating oil and HVAC service providers in the Mid-Atlantic United States.
Barry Gosin’s innovative M&A transaction advisory services resulted in a robust offering with many interested prospective buyers.
