Shipley Energy on Thursday announced it will acquire York Oil Service Co. Inc.
The companies are expected to finalize the deal within the next 60 days.
The cost of the acquisition was not disclosed.
"This will strengthen our brand and is a good complement to our company," said Shipley spokesman Bob Astor.
The acquisition will bring together two family-owned, York-based companies.
Shipley was founded in 1929, and York Oil Service traces its roots to 1957.
"I am excited to join Shipley Energy. It's not every day that you get the chance to align yourself with such a highly respected organization. I am confident that our reputation of taking care of our customers will only be strengthened by joining forces with Shipley," Mike McCarthy, president of York Oil Service, said in a statement.
The deal will give Shipley five employees, three home heating oil trucks, one transportation truck and a company that annually has delivered about 4 million gallons of heating oil in the York area. It will also give Shipley access to Pacific Pride, a commercial card-fueling network.
Shipley CEO William Shipley III said in a statement that his company expects to continue a strong commitment to customer service while it grows in the region.
"As we consider expansion opportunities, we seek organizations that embody the same qualities and high standards as York Oil Service," Shipley said.
In addition to home heating oil, Shipley Energy also supplies commercial and residential electricity, natural gas, propane, and heating and cooling service throughout Pennsylvania and Maryland. Shipley also owns Tom's convenience stores, some Arby's locations and a wholesale fuels business and provides on-site fleet fueling to businesses.
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