Merger & Acquisition Insights

Roberts Energy & Brown Bear Transportation Acquire Abenaqui Carriers Creating One of the Largest Fuel Haulers in New England

Posted on February 21, 2022 by admin

Springfield, MA — Roberts Energy and Brown Bear Transportation are excited to announce the acquisition of New Hampshire-based transportation company, Abenaqui Carriers.

Roberts is one of the largest direct fuel suppliers and petroleum common carriers in the Northeast, with the company’s transport division, Brown Bear, being the fastest-growing petroleum hauler in the area. This acquisition further expands their reach, allowing both companies access to resources that will better serve existing and future customers.

Abenaqui Carriers has 100 employees and has served the northeast region since 1973. They are a family-run company with a loyal base as well as a dedication to quality and service that mirrors the ideals of Roberts Energy. The Roberts acquisition aims to be as seamless as possible, keeping the trusted Abenaqui Carriers name and continuing business with existing processes in place. There will be no layoffs and the original team is staying aboard.

“Our goal is to provide Abenaqui customers with the latest conveniences and technology while maintaining the personal relationships and high level of service.” says Roberts Energy President Frank Roberts. “We look forward to incorporating the specialized carrier services Abenaqui has to offer into our other markets across New England.”

Tenney Group, an industry specialized M&A advisory firm, advised Abenaqui Carriers. Tenney Group CEO, Spencer Tenney, shared, “This is a win for all parties and a great example of how family-owned carriers can both exit and protect their company legacy and employees.

About Roberts Energy | Brown Bear Transportation

Roberts Energy is a supplier of motor fuels and diesel exhaust fluid to commercial end-users, wholesale customers, and unbranded retailers.  Specializing in helping customers manage fuel costs through risk management products, inventory management, and innovative equipment and technology solutions. Roberts Energy has been supplying commercial fuel to businesses over 100 years.

Brown Bear Transportation (a division of Roberts Energy) is a common carrier that delivers petroleum products across the northeast lifting out of Springfield, Boston, New Haven, Providence, Albany, Portland and Montreal, Canada.

 

For more information on Tenney Group, visit www.thetenneygroup.com.

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