West Palm Beach, FL – March 1, 2022 – Blue Peak Resources, a merger, and acquisitions consulting firm, is pleased to announce the sale of Economy Energy LLC of Peekskill, New York, to Durkin Propane of Brewster, New York owned by Ray and Andy Durkin.
Founded in 2010 by Henry Seger and Patty McGrath, Economy Energy is a family-owned propane company that services Westchester and Putnam Counties and the surrounding areas of New York. Both Henry and Patty have been entrenched in the propane industry for more than 50 years.
“We are happy to know our customers will be in good hands with Durkin Propane,” Henry said. He added, “We would like to thank Blue Peak Resources for their help, advice, and friendship throughout this process. Blue Peak really understands the industry and was essential in helping us find the right buyer and structuring a win/win transaction.”
“I have known both Henry and Patty for 25 years; I was thrilled when they asked Blue Peak Resources to find the right match to carry on their legacy,” said John Armentano, a partner with Blue Peak Resources. “Durkin Propane is a quality company that has done a great job growing their propane division over the past years.”
Ray Durkin, President of Durkin Propane, added: “Economy Energy is a very well-run company. Henry and Patty have done an excellent job servicing their customers and the local communities. Both Andy and I are grateful that Henry and Patty put their faith in our company to continue their commitment of premium, local service.”
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.
Blue Peak Resources
Mike Gioffre
914-420-2940