Brown Bear Transportation, a division of Roberts Energy, has acquired Abenaqui Carriers, a North Hampton, New Hampshire-based petrochemical hauler.
Roberts Energy, is one of the largest direct fuel suppliers and petroleum common carriers in the Northeast and the acquisition further expands its reach. Brown Bear Transportation delivers petroleum products across the Northeast.
Abenaqui Carriers has 100 employees and has served the Northeast since 1973. The family-run company will maintain its name and will continue business with existing processes in place.
“Our goal is to provide Abenaqui customers with the latest conveniences and technology while maintaining the personal relationships and high level of service.” said Roberts Energy President Frank Roberts. “We look forward to incorporating the specialized carrier services Abenaqui has to offer into our other markets across New England.”
Spencer Tenney, CEO of Tenney Group, who advised the seller on the transaction, noted the petroleum market in the Northeast is challenging dur to the weather, metropolitan complexities and other variables, adding “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."