Cetane Associates

Cetane Associates has promoted Trey Brasseaux to vice president, recognizing his financial expertise, leadership and positive impact since joining the firm in 2023.
ShepGas, LLC has acquired Carolina Gas Co., LLC, marking a major transition for the Mt. Pleasant, SC-based propane business founded by Steve and Wanda McDuffie. Cetane Associates advised on the transaction, ensuring Carolina Gas customers will continue receiving exceptional service under ShepGas's ownership.
Santa Energy, based in Bridgeport, Connecticut, has acquired West Oil Company of North Adams, Massachusetts, marking a significant milestone for both family-operated businesses. Cetane Associates facilitated the transaction, ensuring a seamless transition that honors West Oil’s legacy of reliable service since 1949.
Cetane Associates facilitated the acquisition of Hart & Iliff Fuel and Energy Systems by NRG Heat & Power LLC, which closed on Oct. 1, 2024. The sale marks a new chapter for Hart & Iliff, a company with over 130 years of history, as NRG commits to continuing its legacy of exceptional customer service.
Martin Oil Company has acquired Barnes Petroleum Products, expanding its footprint in Claysburg, Pennsylvania, with the transaction closing on Sept. 30, 2024. Cetane Associates advised Barnes Petroleum throughout the sale process, ensuring a smooth transition, while both companies expressed excitement about continuing to deliver excellent service to customers.
Guttman Energy, Inc. and Source One Transportation have acquired Weaver Energy, Inc., a long-standing fuel distribution business in Lititz, Pennsylvania. Cetane Associates facilitated the transaction, providing advisory services, with Shane Weaver praising their guidance throughout the sale process.
Cetane Associates announces that SOS Xtreme Comfort has acquired the propane, distillates and HVAC business of Spiegel Corp. Jeffrey Spiegel becomes the principal owner, continuing the family legacy since 1934.

NEW MILFORD, Conn. — May 22, 2024 — Cetane Associates has announced that an undisclosed buyer has acquired the propane assets related to Shoshone Propane Inc. (“Shoshone Propane”), a full-service propane business located in Pahrump, Nevada. The transaction closed on May 2, 2024. 

NEW MILFORD, Conn. — April 25, 2024 — Cetane Associates is pleased to announce that Whitney Parsley has joined its financial advisory firm as an associate, effective April 15, 2024. Parsley provides paralegal support to the firm’s M&A deal execution team. She will be based at Cetane’s Houston, Texas office. 

Don Smith, director at Cetane AssociatesNew Milford, Conn. (March 7, 2024) — Cetane Associates announced that Don Smith has joined its financial advisory firm as director, effective March 1. With close to four decades of M&A expertise, Smith has successfully closed over 700 business transactions.