Canton, MA (November 3, 2023): FuelExchange, the energy merger & acquisition service of Gray, Gray & Gray, LLP, has announced that Townsend Energy of Danvers, MA, has acquired Lombardi Energy Services of Newburyport, MA.
“Creating great synergies by combining companies is what FuelExchange is all about," says Marty Kirshner, partner & head of the Energy Practice at Gray, Gray & Gray which oversees FuelExchange. "[Lombardi-Simard] had done a fabulous job running Lombardi Energy Services and we were excited to see her choose to partner with another best in class company like Townsend Energy.”
President/Owner of Lombardi Energy Services Charity Lombardi-Simard said, “As a client of Gray, Gray & Gray for over 10 years, it was a natural next step to engage with the team when it came time to sell our company. We knew we could rely on the Gray, Gray & Gray team for the same expertise and personalized attention to guide us while also putting our minds at ease during this process. We felt confident in their coverage of the negotiations from start to finish, with their in-depth knowledge of the tax implications, their sensitivity to deadlines, and thorough understanding of the many details that go into a transaction, especially when it comes to family business considerations. The team demonstrated their commitment to supporting our best interests and made for an easy and seamless process.”
“We are very excited to partner with such a reputable, well-run company like Lombardi Energy. I had such an admiration for Frank Lombardi and it does not surprise me to see how well Charity was able to take it over and successfully run it over the past 15 years. We look forward to keeping their customers comfortable and providing their employees with new and exciting opportunities. The process was easy for us knowing we were working with Marty and Joe over at Gray, Gray & Gray and FuelExchange. They did a fantastic job representing the company and it made for one of the smoothest acquisition processes we have been through,” said Jim Townsend, chief executive officer of Townsend Energy.