
Paraco Acquires The Business Of Bay Gas In Long Island, New York
Highlights:
"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 fatherand Icreated on Long Island. A family business in every sense of the wordhad givenBay Gas Servicethe opportunity to service 20,000 plusloyal customers and friends which I would like to express my extremegratitude 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."
About the CompanyParaco is the largest privately held propane company in the Northeast headquartered in Rye Brook, NY. Family owned and operated, Paraco was founded in 1968 by Pat Armentano. Today, Paraco proudly services over 108,000 residential and commercial customers in NY, NJ, CT, PA, RI, MA, NH and VT out of 24 distribution locations.
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Media Contact Info:Desirae Haluk, Director of Marketing
Paraco Gas Corporation
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