Santa Energy Acquires Branchville Oil Company

Santa Energy, a fuel service business based out of Bridgeport, Connecticut, has acquired Branchville Oil Company Inc. FuelExchange, the energy industry merger & acquisition service of Gray, Gray & Gray LLP, served as a consultant for Branchville Oil throughout the transaction, from initial valuation through final negotiations. 

“It was great to see the owner of Branchville Oil, Paul Ciavarelli, land with such a well-run, professional organization like Santa,” said Marty Kirshner, partner and head of the energy practice at Gray, Gray & Gray. “It was important to Paul that his legacy and the location he grew up in would be handed over to folks he felt had the integrity to keep that legacy going and who are experienced in making acquisitions. It was a pleasure working with both sides.”