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REIT ENERGY ACQUIRES WALTER A . DWYER Reit Energy of Warminster , Pa ., acquired assets related to the delivered fuels , HVAC , and plumbing business of Walter A . Dwyer , Inc ., of Ambler , Pa ., Cetane Associates announced .
With beginnings dating back to 1875 , merely ten years after the U . S . Civil War , Dwyer has a lengthy history that includes selling building materials , coal , oil , heating services , boilers , and plumbing . Its founder , Edward Dwyer , was born in 1826 . Over the years , members of the Dwyer family have continued to expand the company through diversification and acquisition , creating a well-recognized brand beyond its origins in the Chestnut Hill neighborhood of Philadelphia .
Today the sole survivor in a long line of Dwyer family owners is John L . Dwyer , Jr ., president and principal , who commented , “ Our Dwyer team has provided outstanding service to our residential and light commercial customers in Northwest Philadelphia and Montgomery County for decades . We ’ re pleased to make this significant transition and know that Reit Energy will carry on a tradition of excellence .”
Reit Energy is one of the largest full-service home comfort companies in the Delaware Valley . It has served its community since 1945 . Reit Energy ’ s president , Kurt Haab said , “ We ’ re excited to welcome the Dwyer team and their customers to Reit Energy . The fit between our companies is great as we both genuinely care about our customers and keep our promise to serve them personally and professionally .”
Cetane served as the sole arranger to Dwyer . Cetane ( www . Cetane . com ) advises business owners in the home services industries on sales , spin-offs , and acquisitions ; it also performs valuations and ad hoc corporate finance assignments . The transaction closed on April 25 , 2023 .
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SIMPSON LAUNCHES NOTCH CAPTIAL
Heating and cooling industry finance veteran Jeffrey Simpson announced the formation of private investment firm Notch Capital , LLC to partner with founder and family-owned fuel distribution , HVAC and home services companies . The firm will invest private capital for majority business purchases and equity recapitalizations .
Notch Capital will structure acquisition transactions to permit owners to sell their stake in its entirety if desired or to roll over a portion of the owner ’ s equity so that the seller may benefit from the future growth of the company .
The firm ’ s preference is to keep the existing management team in place while providing strategic guidance on
Jeffrey Simpson is the founder of Notch Capital . Photo courtesy of Notch Capital .
future growth objectives through its team and network of industry thought leaders .
Before founding Notch Capital , Simpson spent more than 20 years working as a delivered fuels and HVAC industry specialized banker , asset manager and advisor to principals on financial , mergers and acquisition , and banking matters . He most recently served as Managing Director of Angus Energy ’ s financial advisory group for 12 years .
“ What I ’ ve learned from working with over a hundred business leaders and managing a niche investment fund is that owners are acutely aware of the growing need to reach scale to achieve longevity in the retail heating and cooling industry . Creative capital options are needed for both succession planning and to keep pace with the leading firms in the industry ,” said Simpson .
Retail heating and cooling industry businesses facing the challenges of accelerating industry consolidation and emerging environmental regulation will see new capital options available from Notch Capital to support acquisitions and organic growth to achieve long-term success .
“ The founding mission of Notch Capital is to give lower middle market business owners greater options beyond being absorbed by a competitor or taking on more and more debt for acquisitions . Our transactions will present owners with the ability to cash in some or all of their hard-earned equity and will provide the financial muscle and industry-specific guidance required to address today ’ s challenges ,” said Simpson .
Based in Connecticut , Notch Capital ’ s initial geographic focus will cover the eastern United States , with plans to expand its investments in companies nationwide by 2025 . Learn more at www . notchcap . com or contact Notch Capital at ( 860 ) 299-3358 .
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TREMCAR USA HIRES TAMIE LINDAMOOD
Tremcar announced the hiring of Tamie Lindamood as parts sales manager and strategic purchaser for Tremcar USA . Prior to Tremcar , she worked several years for Coastal Pet Products as a supply chain manager and was the materials manager at MAC Trailer .
She will be participating at trade shows and conventions for a better comprehension of the market and to optimize suppliers ’ products position with Tremcar USA tanker trailers . She can be reached at lindamoodt @ tremcar . com .
Lindamood and her husband own a restoration company , 1-800 Water Damage of Canton , Ohio . They also own a fishing charter on Lake Erie .
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SPOTLIGHT ON : HANNAY REELS
Tamie Lindamood Photo courtesy of Tremcar USA
Hannay Reels manufactures durable hose and cable reels for both OEM and aftermarket applications , offering thousands of standard models along with a wide range of custom design capabilities . Hannay has been helping companies around the world improve the productivity , efficiency and safety of their operations since 1933 . For more information , visit www . hannay . com or call 877-467-3357 .
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