The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding
Issue link: https://read.dmtmag.com/i/705645
www.fueloilnews.com | FUEL OIL NEWS | AUGUST 2016 19 BUSINESS OPERATIONS NEWS STONE ROAD ENERGY ACQUIRES DORR OIL CO. Rush Street Capital announced that it procured financing for Stone Road Energy, a Stone Road Capital Partners portfolio company. Proceeds from the financing were used for the acquisi- tion of Manchester, Vt. - based Dorr Oil Company, Inc., and the purchase of stor- age tanks and equipment. The financing closed on June 17, 2016. RSC was the exclusive financial advisor to SRE for the financing. Headquartered in Littleton, N.H., SRE is a heating oil and propane retail distributor focused in the northeast United States. Stone Road Energy looks to acquire oil and propane heating companies from owners that have run a good business over the years and have decided that now is the time to leave the business. SRE does not remove the name or change the strong bonds these companies have with their local communities. Rick Lopez, partner at Rush Street Capital, said, "The Dorr Oil acquisition is an excellent opportunity for Stone Road Energy to continue its expansion strategy and create operational synergies. The addition of Dorr Oil will give SRE a strong presence in the Manchester, Vt., market and will give the company additional scale in both heating oil and propane distribution. The financing secured from our debt raise provides SRE with an optimal and flexible capital structure to complete this acquisition and position the company for future growth." AMTHOR GLOBAL TANK TRUCK CONFERENCE The first Global Tank Truck Conference (www.GlobalTankTruckConference.com), sponsored by Amthor International, will be held Oct. 6-8 at the Grandover Resort and Conference Center in Greensboro, N.C. The theme of the GTTC 2016 con- ference is Diversification in a Changing Economy. The purpose of the event is to bring leaders, business owners, manag- ers and entrepreneurs in the refined fuel, propane, portable restroom, vacuum and septic pumping industries together to share ideas about growth and diversifica- tion; attend educational seminars, as well as a full trade show; and enjoy opportuni- ties for networking, golf and more. The keynote speaker for the conference is John Ratzenberger, best known for his role as Cliff Clavin on the sitcom Cheers, his role on the reality TV series Made in America, and his voice work with Pixar. Ratzenberger is also a well-known motivational speaker, addressing the topics of American manufac- turing, entrepreneurship, the environment and sustainability. He will be speaking about what it means to be "American Made." Workshop topics at GTTC 2016 will include: Navigating government regulations New ways to market your business Vehicle safety and roll overs Diversifying your business Workshop presenters include: Rubens Marcilio, Jr., director of the center for entrepreneurship and the director of international institutional and business relationships at Liberty University; John Conley, owner, ConleyComm LLC; David Ford, hazardous materials program man- ager, USDOT/FMCSA/ Southern Service Center, and Carol Agee, marketing partner, ABC Channel 13. Networking opportunities will be avail- able throughout the conference, as well as a golf event and optional college foot- ball game outing. The conference is free to attend with charges for lodging, travel and sports events. "The GTTC 2016 is a terrific oppor- tunity for business owners and managers in the refined fuel, propane and vacuum industry to come together, talk about the changing economy and business conditions and brainstorm about ways to diversify and grow," said Amthor Vice President Brian Amthor. "The GTTC conference provides opportunity for education, networking and recreation at a beautiful resort and confer- ence center. We welcome our colleagues and look forward to seeing everyone at the GTTC conference in October."