Below is a press release we received regarding the acquisition of Jay Gress, Inc., of Conshohocken by Shipley Energy of York:
Shipley Energy has announced the acquisition of Jay Gress Inc., of Conshohocken, Pennsylvania. Jay Gress Inc. is a quality lubricants, fuels, and heating-air conditioning service provider for home, industry and commercial customers. The purchase agreement provides the sale of the Heating oil, HVAC service, and commercial fueling divisions to Shipley Energy, headquartered in York, Pennsylvania.
“We are very excited about this opportunity as we add an outstanding company to our family of businesses,” said Steve Passio, President of Shipley Energy. “Jay Gress has a wonderful history in the Conshohocken area, providing top notch customer service and home energy products since 1933. We look forward to continuing this proud tradition, started by Jay Gress Sr. over eight decades ago.”
“It’s a pleasure knowing the Gress family business will be operated by a very reputable Pennsylvania family company,” said Jay Gress II, owner of Jay Gress, Inc. “Working with Shipley Energy will undoubtedly preserve what we built here and offer a tremendous opportunity for growth.”
Jay Gress, Inc. specializes in home heating oil delivery and 24 hour heating and air conditioning service to the greater Montgomery County area. The company provides programs to help manage winter heating costs and several maintenance and service plans to keep heating and cooling equipment operating at optimal efficiency levels. In addition, Jay Gress Inc. is a member/marketer of Pacific Pride, one of the largest and most expansive commercial card fueling networks in the United States and Canada.
“A transaction of this magnitude is very positive for both companies,” said William Shipley III, Chief Executive Officer of Shipley Energy. “As we seek expansion opportunities, we identify organizations that are committed to the highest standards of customer service. And with Jay Gress, we expect to continue their legacy of providing quality product offerings, while growing our presence significantly in the Philadelphia region.”
Established in 1929, York based Shipley Energy is the largest privately owned energy company supplying both commercial and residential electricity, natural gas, propane, heating oil and heating and cooling service throughout Pennsylvania and Maryland. The company also operates a wholesale fuels business and provides on-site fleet fueling solutions to businesses.
Welcome to the neighborhood.