Singer Energy Group sells to Star Group affiliate in September 2024

Matrix Capital Markets Group, Inc. has successfully facilitated the sale of Singer Energy Group, Inc., which operates under the name Robison, to an affiliate of Star Group, L.P. This transaction was officially announced on September 5, 2024, and represents a pivotal moment in the company's history. Robison, headquartered in Port Chester, New York, has been a key player in the heating oil distribution market since its inception in the 1920s, evolving significantly over the decades. Under the leadership of Daniel Singer, who joined the company in 1996, Robison expanded its services beyond residential heating oil distribution to include commercial accounts and HVAC solutions. This strategic growth was achieved through both organic initiatives and acquisitions, allowing the company to adapt to changing market demands and technological advancements in home comfort systems. The sale to Star Group, L.P. is expected to provide Robison with additional resources and expertise, further enhancing its service offerings. The leadership team at Robison expressed confidence in the new partnership, highlighting the warm reception and professional guidance received from Star Group's team. This acquisition not only honors the legacy of the Singer and Robison families but also positions Robison for future growth in the competitive home comfort solutions market, ensuring it remains a leader in the industry.