Acquisition Announcement: StarLite Propane
Bayshore, New York – August 9, 2021 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce the sale of StarLite Propane of Bayshore, NY, to Ferrellgas, a nationwide propane retailer headquartered in Overland Park, KS.
StarLite Propane was founded in 1982 by John DiBiasi. With a solid background in construction, John was urged by two close friends to enter into the propane business. Although he had no prior experience, John had a strong work ethic and the desire to learn as much as he could as quickly as he could, plus he saw great potential for propane sales and service on Long Island. Nearly 40 years later the company has evolved into one of the premier propane companies in the NY Metro area.
“I am very proud to see Ferrellgas continue to provide our customers with premier service and customer care,” said DiBiasi. “They are one of the top propane companies in the United States, with a long and extensive track record of propane expertise.”
He continued: “Working with John, Andy and Mike and their team at Blue Peak Resources was fantastic. They took the time to walk us through the process and help us find the right company to carry on our legacy. This was a very emotional time for me and my family. Now I can retire knowing that our employees and customers are in great hands.”
“I have known John for over 30 years and was thrilled and honored when he asked Blue Peak to help him with the sale of his business,” said John Armentano, Partner, Blue Peak Resources. “We take great pride in helping our clients reach their personal and business goals.”
About Blue Peak Resources
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or advise them on increasing the value of the business they have worked so many years to build. John Armentano and Mike Gioffre began this venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value and continue their legacy for generations.
Acquisition Announcement: Malzahn Gas Company
West Palm Beach, FL – February 2, 2021 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce the sale of Malzahn Gas Service of Sparrow Bush, NY.
Founded in 1967 by Vince Malzahn and his wife Sally, Malzahn is a residential-based propane company that services New York, New Jersey, and Pennsylvania. The Malzahn family has been entrenched in the propane industry for over 53 years. Vince was a firm believer in quality over quantity, which became the foundation by which they developed and grew their business. Their son John will be staying on with the new company. “I am very proud to stay on and continue to provide our customers with the first-rate care and attention they expect and deserve,” said John Malzahn.
“Working with John, Mike, and Andy at Blue Peak was an exceptional experience during a very emotional time for my family,” said Vince Malzahn. “They walked us through the process from start to finish and found us the right buyer. Now I can start the next chapter of my life with peace of mind, knowing that our employees and customers are in great hands.”
“I have known Vince and Sally Malzahn for over 15 years and was thrilled and honored when they asked Blue Peak to represent them,” said John Armentano, Partner of Blue Peak. “We take great pride in helping our clients reach their personal and business goals.”
Blue Peak Resources, an advisor to Malzahn Gas, served as the facilitator and negotiator. The team provided the financial valuations, prepared the business offering package to potential buyers, and assisted in the negotiations and final deal terms.
About Blue Peak Resources
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or advise them on increasing the value of the business they have worked so many years to build. John Armentano and Mike Gioffre began this new venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value, and continue their legacy for generations.