Able Energy Company Description
An able consolidator in the fragmented heating-oil market, Able Energy provides retail distribution of heating oil and other fuels to more than 30,000 residential and commercial customers in Florida, New Jersey, New York, and Pennsylvania through its Able Oil subsidiary. Able Energy also installs and repairs HVAC equipment and markets gasoline and other refined petroleum products and natural gas. In 2007 Able acquired All American Plazas' truck stops in return for a 75% stake in Able, making AAP Able's largest shareholder. Able Energy plans to use AAP's locations to sell its energy products.
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The Company Description provides a historical perspective of Able Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Able Energy's evolution in the marketplace.
