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M&A Deal Summary

Star Group Acquires Griffith Energy Services

On January 30, 2014, Star Group acquired distribution company Griffith Energy Services from Central Hudson Enterprises for 70M USD

Acquisition Highlights
  • This is Star Group’s 1st transaction in the Distribution sector.
  • This is Star Group’s 2nd largest (disclosed) transaction.
  • This is Star Group’s 7th transaction in the United States.
  • This is Star Group’s 1st transaction in Maryland.

M&A Deal Summary
Date 2014-01-30
Target Griffith Energy Services
Sector Distribution
Buyer(s) Star Group
Sellers(s) Central Hudson Enterprises
Deal Type Divestiture
Deal Value 70M USD

Target

Griffith Energy Services

Columbia, Maryland, United States
Griffith Energy Services is a US distributor of a broad range of liquid fuels and propane gas, serving markets in Connecticut, Pennsylvania, and Rhode Island. Griffith also provides its customers with a broad range of services, including heating, ventilation, air conditioning repair, and other related services. Griffith Energy Services was founded in 1898 and is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

Star Group

Stamford, Connecticut, United States
Category Company
Founded 1995
Sector Energy Services and Equipment
Employees3,039
Revenue 1.8B USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 7 of 7
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2014 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-14 Modern Gas

Woodbine, New Jersey, United States

Modern Gas serves approximately 8,000 customers a wonderful fit given its geographical proximity to other regional propane operation with annual propane volume of approximately 5.7 million gallons.

Buy -

Seller(S) 1

SELLER

Central Hudson Enterprises

Poughkeepsie, New York, United States
Category Company
Founded 1960
Sector Oil/Gas Exploration
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
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