Cetane Announces the Sale of the New York Assets of Sail Energy
6/26/26, 4:00 PM
Cetane Associates (“Cetane”) is pleased to announce that Campbell Oil Company (“Campbell Oil”), based in Elizabethtown, N.C., has acquired the New York assets of Sail Energy, LLC (“Sail Energy”), based in Portsmouth, N.H. The transaction closed on June 22, 2026.
HOUSTON, Texas – June xx, 2026 – Cetane Associates (“Cetane”) is pleased to announce that Campbell Oil Company (“Campbell Oil”), based in Elizabethtown, N.C., has acquired the New York assets of Sail Energy, LLC (“Sail Energy”), based in Portsmouth, N.H. The transaction closed on June 22, 2026.
Sail Energy is a private equity-backed energy distribution company formed in 2014 to pursue growth through both organic expansion and strategic acquisitions. Led by a veteran management team that has completed more than 100 acquisitions, Sail Energy serves over 30,000 customers throughout the Northeast. Through targeted acquisitions and integrated roll-up strategies, the company has established a strong presence in the region's energy market. This transaction encompasses the sale of Hometowne Energy and Rinker Oil businesses previously acquired by Sail Energy. Following this transaction, the company will continue to focus on its New England operations, serving customers from Connecticut to Maine.
“Cetane has been a trusted advisor to Sail Energy for many years as we expanded through acquisitions, so when the time came to transition these assets, choosing their team was an easy decision,” said Dennis O’Brien, Chief Executive Officer of Sail Energy. “We are extremely pleased with the outcome of this transaction and appreciate Cetane’s guidance throughout the process. Campbell Oil is an outstanding organization, and we are confident our New York customers will continue to receive the exceptional service they deserve.”
Founded in 1948, Campbell Oil is a family-owned business with over 1200 exceptional team members dedicated to providing high-quality propane, fuels, lubricants, wholesale energy services, convenience store and fast-food offerings. Built on Christian values and a commitment to personalized customer care, Campbell Oil has earned a reputation for treating its team members and its customers like family while delivering dependable energy solutions. The company remains focused on its main mission of “leaving people better than it found them”, while serving as a trusted one-stop resource for petroleum service needs.
“We are thrilled to welcome the Hometowne and Rinker Oil team members and customers to the Campbell Oil family as we begin this exciting new chapter of growth for our company,” said Brian D. Campbell, President and Chief Executive Officer of Campbell Oil. He added, “Sail Energy has built strong customer relationships and a reputation for outstanding service, and we look forward to continuing that tradition. This acquisition represents an important expansion for our organization, and we are excited about the opportunities ahead.”
“We are delighted to have helped facilitate a successful transaction for Sail Energy,” said Griffin Sharp, Director at Cetane Associates. “Sail is a great organization, and we are proud to have played a role in bringing together two companies that share a strong commitment to their customers and continued growth.”
Cetane served as the sole arranger for Sail Energy. Cetane advised on the sale, including providing an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms, and coordinating due diligence. Team members Griffin Sharp, Tamera Kovacs, Ford DuBose, Taylor Garnett, and Fred Lord managed the transaction.