Star Group completes acquisition involving home energy distributor

Star Group (SGU) announced it has completed the acquisition related to a definitive purchase agreement previously announced in December, 2024. The transaction involved a home energy distributor located within the Company’s existing operating footprint; it was purchased for approximately $68M before working capital adjustments. Additional terms were not disclosed. “I am pleased to announce the completion of this important acquisition, bringing another well-established home energy distributor under the Star umbrella,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “As previously mentioned, the operations are expected to further strengthen our competitive position across the Company’s footprint, and we welcome its customers and employees to the Star Group family.”