Star Group, L.P. (the "Company" or "Star"), a home energy distributor and services provider, announced it has entered into a definitive agreement to purchase a home energy distributor, located within the Company’s existing operating footprint, for approximately $68 million before working capital adjustments. Star anticipates closing on the transaction within the next 45 days, subject to compliance with governmental reporting requirements. Additional terms were not disclosed.
“I am pleased to announce that we have entered into a definitive agreement to purchase a well-established home energy distributor that is located within our existing operating footprint,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “This business is expected to further strengthen our competitive position and be a sound investment for Star Group and our shareholders.”
