Tounge Associates Hires New M&A Senior Advisor

Tounge Associates has announced Matthew Porter as senior advisor to the M&A advisory team, with a focus on the oil, propane and HVAC markets. Porter was the founder and owner of Tidewater Oil Company, an oil, propane and service business in Belfast, Maine. 

Tounge Associates previously assisted Porter in the sale of Tidewater to Dead River in 2022. After a year of enjoying travel with his wife Michele on a 92-day, cross-country road trip in which they visited every state in the lower 48. Porter is ready to jump back in to work by advising other business owners as they navigate their exit strategy and sale of their business. 

Porter grew up in a family-owned oil company. When he started Tidewater in 2006, he remembered tagging along on deliveries and service calls when he was young. Those early lessons were the foundation upon which Tidewater was built. After 15-plus years of operations, Porter decided he was ready to exit, and that was the best decision for him and his family. 

“We greatly enjoyed working with Matt and his family during the sale process of his business,” said JT Tounge, managing partner at Tounge Associates. “It’s a great honor to add him to our team to help other business owners navigate the same process. Matt ran a tight ship and a family-, customer- and employee-focused business at Tidewater. We share the same values at Tounge Associates and are excited to be working with Matt again.” 

If you would like to connect with Matt Porter directly to learn more, he can be reached at 207.322.5498 or [email protected].