Paraco announced the acquisition of Bay Gas, located in Shirley, New York. A family-owned propane company and founded by Jack O’Loughlin in 1968, most recently operated by his son John O’Loughlin.
“This is our second acquisition of 2017 and we are honored to welcome Bay Gas to our family of acquired companies,” said Christina Armentano, V.P. of Business Development at Paraco. “The acquisition offers a unique opportunity to acquire a company known for its first class service, quality of employees and strong customer presence, especially in Suffolk County and on the east end of Long Island.”
Paraco has been servicing Long Island since 1985. With the acquisition, Paraco will increase its customer base on Long Island to 65,000 and will service all of Nassau and Suffolk Counties from 4 distribution locations in Bay Shore, Bohemia, Riverhead and now, Shirley.
John O’Loughlin: “We are very proud of the legacy my father and I created on Long Island. A family business in every sense of the word had given Bay Gas Service the opportunity to service 20,000 plus loyal customers and friends which I would like to express my extreme gratitude for.” John further stated “Having had a long standing relationship with the Armentano family, I can’t think of a better company to continue our efforts to service our customers and take care of employees.”