West Palm Beach, FL – February 29, 2024 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce the sale of Blue Light Energy LLC of Bridgehampton, NY to Star Group, L.P.
In November of 2012, two lifelong friends teamed up to start a propane company on the East End of Long Island, and Blue Light Energy was created. Albie (Albert McCoy) and Bob (Robert Schiavoni) saw a need for a local propane provider that would offer first-rate service and personalized customer care in their Long Island neighborhood. Founded with the mantra of “Quality and safety in both deliveries and every installation is priority #1,” this has remained the cornerstone of Blue Light Energy throughout its years in business. “When Albie and I started Blue Light Energy, we had a vision to build a first-class propane business. Once we made the difficult decision to sell, we are so grateful we chose Blue Peak Resources to represent us. They presented us with several offers but ultimately, we felt Star Group was the best company for our employees and the community that we both grew up in,” said Bob Schiavoni, Blue Light Energy Partner.
Anthony Silecchia, Vice President of Star Group, stated “This partnership with Blue Light Energy is an exciting addition for our company and we are thrilled to welcome their team to the Star Group family. We look forward to building upon the premier service reputation that Blue Light Energy has earned in taking care of the communities on the South Fork of Long Island.”
“Bob and Albie built an incredible business! Their attention to customer focus is a direct reflection of the success they achieved. Star Group is the perfect match to continue their legacy. It was a pleasure collaborating with them and being a part of their next chapter,” said John Armentano, Partner at Blue Peak Resources.
Blue Peak Resources, an advisor to Blue Light Energy, served as the facilitator and negotiator of the sale. The team provided the financial valuations, prepared the business offering package to potential buyers, and assisted in the negotiations and final deal terms.
About Star Group
Star Group specializes in the sale of home heating products and services and is the nation’s largest retail distributor of home heating oil. With operations in states throughout the Northeast, Mid-Atlantic and Midwest, Star Group has a suite of regional HVAC and home comfort service brands that serve more than 500,000 residential and commercial customers.
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 for so many years to build. John Armentano and Mike Gioffre began this venture to help family-owned businesses plan for their exit, gain maximum value, and continue their legacy for generations.
Blue Peak Resources
Mike Gioffre
914-420-2940
