August 2019

Booma Oil & Energy acquires Imperial Fuel Co

Cetane announces deal between Lynn, MA oil companies

Cetane Associates LLC announced that Booma Oil and Energy, Inc of Lynn, Massachusetts has acquired the full-service heating oil business of Imperial Fuel Co, also based in Lynn.

Founded in 1933, Booma Oil and Energy is one of the largest family-owned oil heating companies on Boston’s North Shore and a well-recognized provider of HVAC and irrigation services to residential and commercial customers in Lynn, Swampscott, Saugus, Lynnfield, Marblehead and surrounding towns.

Lisa Carangelo, President of Booma Oil and Energy commented “Cetane Associates helped us evaluate and negotiate our Imperial Fuel acquisition and provided support right through the transition process. Access to Steve Abbate’s knowledge and experience really made a difference for us.”