LACONIA — Eastern Propane & Oil, which provides propane and fuel oil to 85,000 residential and commercial customers in the Northeast, has acquired Laconia Oil, the companies announced.
Eastern, a family-owned business that was founded in Danvers, Massachusetts, in 1932, is the 15th largest propane gas retailer in the country. It serves New Hampshire, Maine, Massachusetts and parts of Rhode Island and Vermont.
The deal, terms of which were not released, went through in July. Laconia Oil provided fuel oil and kerosene to residents in the Lakes Region. Its owner, Rich Poirier, was a former employee of Eastern. He plans to retire.
“I know they care as much for their customers as Laconia Oil has cared for ours, and I am confident that they have the experience and resources to fully meet our customers’ home energy needs.”
Eastern President Chuck Clement said the company looks forward to serving the Laconia community.
“I am confident that Laconia’s customers will continue to receive the same level of service while also benefiting from all that Eastern has to offer,” he said.
The company often gets involved in the communities where it does business, including contributing to local charitable groups such as the Boys and Girls Club and veterans organizations.