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Announced

Completed

Approved Oil completed the acquisition of the heating oil and service division of Original Energy.

Synopsis

Approved Oil, the largest family-owned oil company in New York City, completed the acquisition of the heating oil and service division of Original Energy, a provider of heating oil and mechanical services to commercial and residential customers. Financial terms were not disclosed. "This acquisition is in-line with Approved's strategy to increase market share throughout New York's Metropolitan area. We look forward to working with Jim Slattery and the rest of Original's sales team to help onboard their customers into the Approved family of service," Chris Fazio, Approved Oil Executive Vice President.

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