Eastern Propane Gas, Inc. has acquired J. P. Carroll Fuel Company to enhance its operational reach and maintain high service standards in New England's propane and heating oil market.

Target Information

Eastern Propane Gas, Inc. (Eastern Propane & Oil) of New Hampshire has successfully acquired J. P. Carroll Fuel Company, a well-established entity in Limerick, Maine. This acquisition, finalized on November 4, 2025, sees Eastern Propane extending its footprint in the region by integrating J. P. Carroll, a business with rich historical roots dating back to 1946 when it was founded by John P. and Marie Carroll. Initially serving as a modest gas station, J. P. Carroll has evolved into a prominent supplier of heating oil and propane services, all while nurturing strong community relationships and maintaining its family-oriented values through generations.

The company's transition from a small operation to a thriving family business has been guided by the Carol family. John H. Carroll, after supporting his country in the Air Force, revitalized and expanded the enterprise, leading it through modernization efforts. The family's commitment to serving the local community resulted in the addition of various services and facilities over the years. As co-owner Jim Carroll expressed, the family's legacy is in good hands with Eastern Propane's acquisition, promising continued service quality for their valued customers.

Industry Overview

The propane and heating oil industry in New Hampshire is marked by a robust demand for reliable fuel supply, driven by the region's severe winters. As of late 2023, New Hampshire had witnessed a steady growth rate in the propane se