Dead River Company Acquires Maine Energy Company

Dead River Company Acquires Bourne's Energy

February 21, 2024

Oil & Gas

Dead River Company, a Maine-based heating fuels and propane provider, acquired Bourne's Energy of Morrisville, Vermont effective February 1, 2024. The transaction expands Dead River's service footprint and customer base in Vermont; financial terms were not disclosed.

Dead River Co. Acquires Consumers Fuel Co.

May 6, 2025

Oil & Gas

Dead River Co., headquartered in South Portland, Maine, has acquired the oil and propane fuel distribution and service business of Consumers Fuel Co. of Belfast, Maine; the transaction closed on May 6, 2025. Consumers Fuel, a family-owned business founded in 1911 and owned by John Holmes, was advised by Tounge Associates during the sale and will transition operations, customers and employees to Dead River.

Seacoast Capital Exits Stone Road Energy

April 16, 2019

Energy

Seacoast Capital announced it has exited its investment in Stone Road Energy, a New England regional distributor of heating oil and propane, through a sale to an unnamed strategic acquirer and operator of propane and fuel distribution assets. Seacoast had supported Stone Road with subordinated debt, preferred equity and a follow-on growth capital investment to fund acquisitions and infrastructure expansion.

River Associates Acquires Yale Cordage

July 31, 2020

Manufacturing

River Associates Investments (River) partnered with Yale Cordage management to acquire Yale Cordage, a designer and manufacturer of high‑performance synthetic rope based in Saco, Maine. River funded the transaction from its River VII fund with subordinated debt and an equity co‑investment from Northstar Capital and debt financing from TD Bank; River plans to pursue add‑on acquisitions to grow Yale's capabilities and end‑market reach.

Baytex Energy Acquires Ranger Oil Corporation

June 20, 2023

Energy

Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.

Knife River Acquires Baker Rock Resources and Oregon Mainline Paving

November 22, 2021

Construction

Knife River Corporation, the construction materials subsidiary of MDU Resources Group, Inc., has acquired Baker Rock Resources and Oregon Mainline Paving to expand its platform in the Pacific Northwest. The transactions add about 230 employees, replenish aggregate reserves near the Portland metro area, and bring increased paving capabilities to Knife River's Northwest region.