M&A Deal Summary

Star Group Acquires Midwest Tru-Gas

On February 5, 2001, Star Group acquired utilities company Midwest Tru-Gas

Acquisition Highlights
  • This is Star Group’s 2nd transaction in the Utilities sector.
  • This is Star Group’s 2nd transaction in the United States.
  • This is Star Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2001-02-05
Target Midwest Tru-Gas
Sector Utilities
Buyer(s) Star Group
Deal Type Add-on Acquisition

Target

Midwest Tru-Gas

Wisconsin, United States
Midwest Tru-Gas is a Wisconsin-based distributor of propane. Midwest Tru-Gas operates primarily in the Wisconsin and Florida markets, with additional branches located in Minnesota and Georgia. The Company sells 23 million gallons of propane annually to 55,000 customers, 77% of whom are residential, from its 27 branches.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Star Group

Stamford, Connecticut, United States
Category Company
Founded 1995
Sector Energy Services and Equipment
Employees3,052
Revenue 2.0B USD (2023)
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 2 of 7
Sector (Utilities) 2 of 6
Type (Add-on Acquisition) 2 of 4
State (Wisconsin) 1 of 1
Country (United States) 2 of 7
Year (2001) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-30 Petroleum Heat and Power

Stamford, Connecticut, United States

Petroleum Heat and Power, Inc. are one of the largest local home heating oil and total home comfort services providers in America, with over 100 years experience helping customers keep comfortable at home and save on energy costs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Meenan Oil

Wantagh, New York, United States

Meenan Oil Co. Inc. the third largest retail home heating oil company in the country. The company offers home security system, tank analysis, heating and cooling services, brand-name equipment, and home security monitoring services.

Buy $120M
Mergr

Product

Company

Legal