Rush Street Capital procured financing for Stone Road Energy, a Stone Road Capital Partners portfolio company. Proceeds from the financing were used for the acquisition of Manchester, VT-based Dorr Oil Company and purchase of storage tanks and equipment.

RSC was the exclusive financial advisor to SRE for the financing.

Littleton, NH-based SRE is a heating oil and propane retail distributor focused in the northeast U.S.

Rick Lopez, partner at Rush Street Capital, said, “The Dorr Oil acquisition is an excellent opportunity for Stone Road Energy to continue its expansion strategy and create operational synergies. The addition of Dorr Oil will give SRE a strong presence in the Manchester, VT market and will give the company additional scale in both heating oil and propane distribution. The financing secured from our debt raise provides SRE with an optimal and flexible capital structure to complete this acquisition and position the company for future growth.”

Bill Overbay, managing partner at Stone Road Capital Partners, said, “Rush Street Capital ran an efficient and diligent process for our financing request and they were extremely helpful through the close of the acquisition. They are a valued partner and we look forward to working with the RSC team again.”

Rush Street Capital is an intermediary that specializes in assisting middle market business owners and private equity firms with financing situations that need to occur under tight time frames.