Written on: June 8, 2022 by ICM
Fabian Oil Inc., Oakland, ME, has acquired the heating oil, propane and service business of Spring Brook Ice & Fuel Co. headquartered in Waterville, ME. The transaction closed on June 1, 2022. Terms of the deal were not disclosed.
Over 100 years old, Spring Brook Ice & Fuel was founded in 1918 after the end of World War I. During a century of service, Spring Brook supplied ice and coal into the 1950s when heating and range oil became the fuels of choice. Fuel storage and propane delivery were later added along with service supplied by their skilled technicians. Robert L. Ervin founded and grew the business and enjoyed a favorable reputation as a generous businessman and community leader.
When Robert passed in 1962, his son Edmund N. Ervin assumed leadership with GM Joseph Michaud overseeing operations. Around 2000, the next generation, founder Robert’s grandsons, Ed Ervin and Sandy Ervin became involved in the business and then as co-owners took full management responsibilities in 2009. By meeting customers’ needs and preserving traditions of high-quality service, Spring Brook customers trust they have an efficient provider of their every heating and cooling need.
Fabian Oil was founded in 1988 as a single retail gasoline station. By 1991, Fabian Oil was retailing heating oil to the Central Maine area. With a growth strategy primarily focused on acquisition, family-owned and -operated Fabian Oil has expanded its product mix to include propane, service, and natural gas, and added multiple retail locations throughout Maine plus servicing a vast wholesale market throughout New England.
“We are very pleased that our organization will become a part of Fabian Oil,” said Ed Ervin, Co-Owner & President of Spring Brook Ice & Fuel. “Their deep roots in Maine are positive for our customers and a great fit for our employees.”
“The Ervin family and their talented team built a successful business, and we are honored that they chose Fabian Oil to continue to care for their customers,” said Edward J. Fabian, Jr., Fabian Oil President. “We appreciate that the Spring Brook employees will be joining our team and look forward to helping them feel right at home at Fabian Oil. We plan to carry on the legacy established by Spring Brook in the local community.”
Cetane Associates served as the sole arranger and financial advisor to Spring Brook Ice & Fuel Co.