Written on: September 11, 2023
Star Group, L.P., a leading energy, heating and home services provider, has announced the acquisition of Ideal Bottle Gas, Inc. in Bellport, NY. Star Group will operate out of the current Ideal Bottle Gas facilities in Bellport, NY.
Anthony Silecchia Jr, Vice President of Star Group said “We believe that our partnership with Ideal Bottle Gas is a great opportunity for our company and are excited to welcome their team to the Star Group family. This acquisition will be seamless for existing Ideal Bottle Gas customers, and we look forward to taking care of their propane needs on Long Island.”
“We had options when choosing which company to partner with to run our business and as a family, with the help of Blue Peak Resources, we chose Star Group,” said Raymond Casimano, President of Ideal Bottle Gas. “Sharing the same values and safety standards, we believe Star Group will help us continue to provide superior propane services with customer satisfaction as our number one priority.”
“This is a deeply personal process filled with emotion. Ray has built an incredible high-quality business, it was an honor that he selected our company to represent him and his family during this life changing event,” said John Armentano, Partner at Blue Peak Resources, LLC. “Star Group is the perfect company to help carry on the legacy the Casimano family have worked so hard to build over the past 27 years. They have a great presence on Long Island and understand this market very well.”
Blue Peak Resources acted as the sole consultant on the transaction.
About Star Group, L.P.
Star Group specializes in the sale of home heating products and services to residential and commercial customers. They are 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.
About Blue Peak Resources, LLC
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or advise them on increasing the value of the business they have worked for so many years to build. John Armentano and Mike Gioffre began this new venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value and continue their legacy for generations.