M&A Deal Summary

Star Group Acquires Petroleum Heat and Power

On September 30, 2000, Star Group acquired utilities company Petroleum Heat and Power

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

M&A Deal Summary
Date 2000-09-30
Target Petroleum Heat and Power
Sector Utilities
Buyer(s) Star Group
Deal Type Add-on Acquisition

Target

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.

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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 1 of 7
Sector (Utilities) 1 of 6
Type (Add-on Acquisition) 1 of 4
State (Connecticut) 1 of 1
Country (United States) 1 of 7
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-05 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.

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