Written on: October 27, 2022 by ICM
Dead River Co., South Portland, ME, has acquired the full-service propane and heating oil delivery business and HVAC business of Charlie Burnham Energy & Heating Service, based in Freeport, ME. Terms of the deal, which closed on Oct. 12, were not revealed.
HVAC industry experts Charlie Burnham and George Gyorgy founded Charlie Burnham Heating Service in 1991. During the early years, customer referrals led to a strong base of business. In 2009, Jim Enrico joined the company and the implementation of software and technological innovations helped them to significantly scale their business. The three partners established the delivered fuels side of the business in 2013. The premier home comfort provider continues its exceptional service to the southern Maine market through growth driven by the reliable expertise of its long-term, experienced employees and its stellar reputation.
“For more than 31 years, our company’s team has been serving our Southern Maine neighbors,” said Co-Founder Charlie Burnham. “Our factory-trained and manufacturer-certified technicians are experienced veterans. We believe our Charlie Burnham brand has strong synergies with Dead River Company’s values. And, we’re proud to see our dedicated work carry forward in the great hands of Dead River.”
Dead River Co., founded in 1909 by Charles Hutchins, had its roots in the forest products industry. In 1936, Dead River entered the petroleum business and has since grown to be the largest full-service home heating provider in northern New England. By operating locally managed offices throughout Maine, New Hampshire, Vermont, and Massachusetts, it maintains deep roots in the communities that it serves.
“We are honored that Charlie, George and Jim chose Dead River Company to care for its customers, employees and the communities they serve,” said Casey Cramton, Dead River Company President & CEO. “We appreciate the expert reputation for excellence and great service that Charlie Burnham Energy & Heating Service has built and will work steadily to preserve their legacy. We are excited to have their employees join our team and look forward to ensuring everyone feels right at home at Dead River Company.”
Cetane Associates LLC served as the sole arranger and financial advisor to Charlie Burnham, Inc.