Cetane Associates announced that Palmer Gas & Oil of Atkinson, New Hampshire has acquired the assets of Lamprey Energy of North Hampton, New Hampshire. Cetane Associates, LLC served as financial advisor to the buyer.
Established in 1923 as Lamprey Brothers to sell wood, coal, and ice, Lamprey Energy is a full-service energy business offering the delivery of heating fuels and home comfort services in Southeast New Hampshire and Southeast Maine. Palmer Gas & Oil plans to continue operating the business from Lamprey Energy’s existing Atlantic Avenue location in North Hampton using its existing employees.
With roots dating back to 1932, Palmer Gas & Oil delivers propane and heating oil, to customers throughout Southern New Hampshire and Northern Massachusetts. Palmer Gas & Oil also staffs an extensive, experienced service department capable of installing and maintaining residential heating and cooling equipment, hot water heaters, standby generators, and gas fireplaces.
Bill Ermer, President of Palmer Gas & Oil, commented that “Palmer and Lamprey are a perfect fit. Both are long standing, family owned businesses that service similar geographies and focus on delivering exceptional customer service. At Palmer, we work hard to put a smile on the faces of our customers at every encounter. We know the folks at Lamprey Energy share that very same values and attitude. And we were extremely pleased to work again with Steve Abbate from Cetane Associates, whose expertise we relied upon to navigate this transaction.”