Written on: September 15, 2022 by ICM
Brooklyn, NY-based Approved Oil Co. has acquired New Utrecht Fuel Oil Co., a full-service oil company also based in Brooklyn. Terms of the deal were not revealed.
New Utrecht is a third-generation family-owned company that has been in business in the Brooklyn community for 78 years, since 1944. New Utrecht has provided 24/7 fuel and service to its #2 oil residential and commercial customers, emergency maintenance on boilers, burners and hot water heaters, as well as heating system/hot water system installations.
Approved Oil is a full-service oil company that operates with nearly 200 employees and over 250 vehicles. Approved Oil’s core services include 24/7 heating oil and diesel deliveries, emergency service on boiler, burners and hot water heaters, heating system/hot water system installations, plumbing and fire protection services, and mobile steam boiler rentals. Approved Oil’s customer base ranges from single family residential homes to large multi-family, commercial and industrial properties throughout the five boroughs.
Through this acquisition, Approved Oil has further diversified and expanded its already deep-rooted position in the local heating community.
“We are proud to have New Utrecht employees and customers be a part of the Approved Oil family,” said Vincent Theurer, CEO and President of Approved Oil. “Our core values and services align for growth, seamless integration, and we are looking forward to the winter.”
The transition has already been completed and customers should not expect any interruption in deliveries and service, Approved Oil said in a statement.