Energy Acquisitions in Maine

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.

Energy North Incorporated (ENG), a Lawrence, Massachusetts–based operator of gas stations, convenience stores and car washes, acquired Tradewinds, a Bangor, Maine–based convenience store and fuel chain. The transaction transfers ownership of ten Tradewinds properties (part of a 15-location local chain) from owners Chuck and Belinda Lawrence to ENG as part of ENG’s continued expansion in Maine.