Dead River Co. Acquires Consumers Fuel Co.
May 6, 2025
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.
- Buyers
- Dead River Co.
- Targets
- Consumers Fuel Co.
- Sellers
- John Holmes
- Industry
- Oil & Gas
- Location
- Maine, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Dead River Company Acquires Maine Energy Company
December 1, 2022
Energy
Dead River Company acquired Maine Energy Company in September, marking the end of three generations of family ownership after owner Robert Cort’s retirement. The acquisition is an add-on to Dead River’s regional heating-fuel platform (which is PE-backed by Redwood Capital Investments) and will rebrand Maine Energy offices under the Dead River name while consolidating local heating oil and propane operations in the Bangor area.
-
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.
-
Energy Distribution Partners Acquires Sullivan Oil & Propane
October 23, 2024
Energy
Energy Distribution Partners (EDP) has acquired Sullivan Oil & Propane, a Bath, Pennsylvania-based provider of propane, fuel oil and HVAC services. The deal—EDP’s 41st since 2012—adds a local team of 15 employees and expands EDP’s footprint in the Lehigh Valley and Poconos as an add-on to its propane and home energy platform.
-
Bridgesource Acquires First Source Fuels
December 21, 2023
Oil & Gas
Bridgesource, a subsidiary of Clyde Companies, has acquired First Source Fuels, a Utah-based provider of fuel, oil and lubricants. The acquisition expands Bridgesource's product and geographic reach across the Intermountain West and is intended to improve operational efficiency and customer service.
-
Brookfield Acquires Colonial Enterprises (Colonial Pipeline)
July 31, 2025
Energy
Brookfield Infrastructure Partners, through its subsidiary Colossus AcquireCo LLC and institutional partners, completed the purchase of Colonial Enterprises Inc. from a consortium of owners for an enterprise value of about $9 billion. The deal gives Brookfield sole ownership of the Colonial Pipeline system — the largest refined-products pipeline in the U.S. — and was completed with sellers including Shell Midstream Operating LLC, Koch Capital, KKR-Keats, La Caisse and IFM Investors.
-
TotalEnergies Acquires BP's Retail, Wholesale and Logistics Fuel Assets in Mozambique
January 31, 2022
Oil & Gas
TotalEnergies has agreed to acquire BP's Mozambique retail network of 26 service stations, its wholesale fuel business and BP's 50% stake in SAMCOL terminals, strengthening TotalEnergies' downstream footprint in the country. The deal augments TotalEnergies' existing network of service stations and B2B customers, positioning the company as the leading petroleum retailer in Mozambique.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.