Energy North Group (ENG) has announced the recent purchase of 22 gas station, convenience store and car wash locations, one heating oil and HVAC company and a food-service partnership to strengthen its presence in Massachusetts, New Hampshire and Maine. Over the past decade, the company has grown rapidly because of its acquisitions and is plans to complete more of this type in the future.
As was recently announced, ENG gained 11 key sites in Massachusetts from the local, family-run brand VERC Enterprises. The acquisition also encompassed 12 tenants that were previously under contract at those sites, including Dunkin’ and Subway. “I am proud of all the success that VERC Enterprises has seen since our family started out in the 1970s,” said Leo Vercollone, chief executive officer and co-owner, VERC Enterprises. “The ENG family of brands complements VERC’s mission well. I’m excited to see how these sites continue to grow in the future.”
The company also recently acquired one gas station site in Gilford, New Hampshire, called the Airport Country Store & Deli. The site contains a convenience store, Dunkin’, deli and Haffner’s brand gas station. “These features make it a must-stop destination for many locals and visitors in the Lakes Region,” said Mark Dickson, past owner. “I know this site will continue to flourish in the hands of ENG.”
Other recent acquisitions include 10 Tradewinds convenience, deli, gas station and car wash locations in Maine, and Putnam Fuels in New Hampshire. The company is also currently working on four ground-ups throughout Maine and Massachusetts, which include multiple new-to-industry sites and one raze and rebuild site.
ENG has also established a partnership with Sal’s Pizza, which includes agreements to incorporate the brand in other ENG sites in the future. Sal’s Pizza is a hallmark of the Boston, Merrimack Valley and Southern New Hampshire markets, with its presence dating back to 1990. “We’re thrilled to partner with ENG,” said Sal Lupoli, co-founder and owner, Sal’s Pizza. “This opportunity to expand our business is a great one, not only for the company, but for our employees and their families too.”
“We are excited to welcome employees, customers and tenants from VERC Enterprises, the Airport Country Store & Deli, Tradewinds, Putnam Fuels and Sal’s Pizza into the ENG family,” said Jeff Black, owner and chief operating officer, ENG. “These companies all fall nicely within our existing suite of brands, and, like all of our acquisitions over the years, each of them brings a unique set of people and skills that will help us to learn, grow and succeed. We are thrilled to expand our gas station, convenience store, car wash and foodservice footprint and look forward to other great growth opportunities in the future.”