Roberts Energy Acquires Abenaqui Carriers
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Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.
Abenaqui Carriers is a family-run transportation company based in North Hampton, N.H. It has operated in the northeast region since 1973.
Roberts Energy said the acquisition opens access to resources that will better serve existing and future customers.
“Our goal is to provide Abenaqui customers with the latest conveniences and technology while maintaining the personal relationships and high level of service,” Roberts Energy President Frank Roberts said.
“We look forward to incorporating the specialized carrier services Abenaqui has to offer into our other markets across New England.”
Roberts Energy said that it intends for the acquisition to be as seamless as possible. Abenaqui Carriers will keep its name and continue business with existing processes in place. There are also no layoffs planned and the original team is staying aboard.
Abenaqui Carriers was advised by the merger and acquisition advisory firm Tenney Group.
“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,” Tenney Group CEO Spencer Tenney said. — Transport Topics
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