Written on: February 12, 2020 by ICM
Rhoads Energy Family of Cos., Lancaster, PA, has acquired the full-service heating oil business of Mack Oil Co., Inc., in Malvern, PA. Terms of the deal were not disclosed.
Founded in 1931, Mack Oil Co., Inc., operating under the name Mack Services Group, delivers heating oil and HVAC services to residential customers in southeastern Pennsylvania. In addition, Mack Oil Co. performs bulk deliveries of motor fuels to commercial customers, owns and operates three cardlock sites, and retails natural gas supply to residential and commercial customers.
“Selling our family business to Rhoads Energy was a pretty natural decision,” said Dave McCorry, President of Mack Oil Co. “My brothers and I desired to see a smooth transition for our customers and our employees. We knew that the Rhoads team enjoys strong reputations for both customer service and workplace job satisfaction.”
“We are excited to welcome the Mack Service Group’s customers and employees to the Rhoads Energy family and look forward to what we think will be a seamless transition,” added Michael DeBerdine, CEO of the Rhoads Energy Family of Companies
Cetane Associates, LLC served as arranger and financial advisor to Mack Oil Co., Inc.