Star Group - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Star Group M&A Summary

Star Group has acquired 7 companies.

Star Group’s largest acquisition to date was in 2001, when it acquired Meenan Oil for $120M. Star Group has acquired in 6 different US states. The Company’s most targeted sectors include utilities (86%) and distribution (15%).

Star Group Business Overview

Where is Star Group headquartered?

Star Group is headquartered in Stamford, Connecticut.

What is Star Group’s revenue?

Star Group disclosed revenue of 1,467M USD for 2020 and 1,754M USD for 2019.

How many employees does Star Group have?

Star Group has 3,157 employees.

What sector is Star Group in?

Star Group is an energy services and equipment company.

When was Star Group founded?

Star Group was founded in 1995.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Star Group

Star Group L.P.

9 West Broad Street,
Stamford, Connecticut 06902
United States,
(203) 328-7310
www.stargrouplp.com

Star Group is a full service energy provider specializing in the sale of home heating products and services to residential and commercial customers. Star sells diesel fuel, gasoline and home heating oil on a delivery-only basis. Star Group was founded in 1995 and is based in Stamford, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $190M $190M
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Griffith Energy Services, Inc. 2014-01-30 70M USD Divestiture
Columbia, Maryland · www.griffithenergyservices.com
Modern Gas 2002-03-14 - Add-on Acquisition
Woodbine, New Jersey
Valley Propane, Inc. 2001-09-28 - Divestiture
Providence, Rhode Island
ProvEnergy Oil Co. 2001-08-24 - Divestiture
Warwick, Rhode Island
Meenan Oil Co. Inc. 2001-08-01 120M USD Add-on Acquisition
Wantagh, New York
Midwest Tru-Gas 2001-02-05 - Add-on Acquisition
, Wisconsin
Petroleum Heat and Power, Inc. 2000-09-30 - Add-on Acquisition
Stamford, Connecticut · www.petro.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 6 (86%) 120M (63%) - -
Distribution 1 (14%) 70M (37%) - -
Total 7 $190M - -

By Geo

State/Country Buy Value Sell Value
United States 7 190M - -
  Rhode Island 2 - - -
  Wisconsin 1 - - -
  New York 1 120M - -
  New Jersey 1 - - -
  Maryland 1 70M - -
  Connecticut 1 - - -
Total 7 $190M - -

Deal Values

buy # Total
$100M to $1B 1 $120M
< $100M 1 $70M
TOTAL $190M
Largest Meenan Oil Co. Inc.
$120M (2001-08-01)

M&A Connections

Deals
Acquired from
Strategic(s)
43%
3 (43%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

1,467   17% 2020
1,754   5% 2019
1,678   27% 2018
1,324   15% 2017
1,161   31% 2016
1,674   15% 2015
1,962   13% 2014
1,741   17% 2013
1,497   2012
(millions of USD) Show More Show Less

Employees

3,157

Established

1995

Public

NYSE: SGU

Former Name

Star Gas Partners L.P.

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