In cooperation with Ray Davis Realty of Colebrook we are pleased to announce the sale of Lewis Oil Co., of Colebrook, NH, to TransEdge Energy, LLC, with principal offices in Purcellville, VA, and an association with Blade Energy Partners of Frisco, Texas.
The Lewis family, represented by Palmer and Ruth Lewis, has been providing fuel oil, propane and gasoline products and services to the north country in the Colebrook & Pittsburg area and south to Groveton and Lancaster for many years. In 2006, they expanded those products and services to the eastern part of the Great North Woods with the acquisition of Errol Oil Co. Palmer and Ruth are now looking forward to a well-earned retirement after working with TransEdge Energy to accomplish a smooth transition for customers and vendors.

TransEdge Energy, represented by Steve Mesthos and John Forrest, plan to maintain the same quality of service as Lewis Oil, and expand on the products and services to a larger geographic area.

Stan Evans of our office and Ray Davis of Ray Davis Real Estate, Colebrook, NH, represented the sellers, and worked with the buyers to bring this transaction to a successful conclusion. Henry Stebbins, Esq., of Stebbins, Lazos, and Van Der Beken, Manchester, NH, handled the closing. This is one of a series of successful collaborations we have had with Ray Davis and his organization.

After the initial negotiation of the major terms of the deal there was a significant amount of additional negotiation with a variety of Texas corporate legal advisors of the buyers in order to properly structure the sale to meet their objectives without damaging the interests of the Seller.

The initial listing of the business was in March 2006, with a first contact by the buyers in November, 2006, a “showing” visit in January 2007, and a final closing on July 9, 2007. As these types of sales go this was a relatively quick sale. Reaching out thru the internet to a worldwide audience brought in these buyers, and is where the bulk of our customers come from these days.