West Palm Beach, FL – June 20, 2024 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce the sale of Wrightington Gas Incorporated, Kingston, MA, to Spicer Propane of Groton, CT.
In 1950, Arthur Wrightington and his wife Josephine established Wrightington Bottle Gas. Their son Kevin worked hand-in-hand with his parents until he acquired the business from them in 1989 and changed the name to Wrightington Gas Inc. Under Kevin’s leadership, the business took off, and soon his wife Linda left her job to join her family in their business venture. They made quite the team, growing the business through word of mouth, referrals, and moving billboards all over the South Shore of Massachusetts. Years later, Kevin and Linda’s son Stephen and daughter Stephanie, who also worked at Wrightington continued to create a model company with outstanding service, excellent customer retention, and long-term, well-trained employees.
“It was an extremely difficult decision to sell our family business,” said Kevin Wrightington, “but we received exceptional guidance from the Blue Peak team. They made it easy and understood how important it was to find the right buyer. We are very pleased to know that our employees, customers, and community will be in good hands with Spicer Propane.”
“We are excited about expanding our footprint into the South Shore of Massachusetts and continuing to provide Wrightington’s customers with the quality of service they are accustomed to,” stated Jon Holstein, Vice President, Spicer Propane.
“Kevin and Linda have built a remarkable business,” praised John Armentano,Partner, Blue Peak Resources. “Having known them for over 20 years, it has truly been an honor to represent them. We at Blue Peak take great pride in helping our clients reach their personal and professional goals, and I couldn’t be more pleased that Spicer Propane will continue Wrightington’s legacy. It’s great to see two incredibly well-run family businesses come together.”
Blue Peak Resources, an advisor to Wrightington Gas Inc., 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 Spicer Propane
Spicer Propane began in 1915. The company was built on honesty, integrity, and unwavering dedication to the customer. After three generations and much hard work, they have stayed committed to those values while keeping customers warm and saving them money. Today, they distribute propane gas and heating oil and provide HVAC installations and service to Eastern Connecticut, Southern Connecticut shoreline, Western Rhode Island and now the South Shore of Massachusetts.
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.
Blue Peak Resources
Mike Gioffre