Lindstedt Oil to change hands
Mr. Marandola, who now has his own company, Marandola Fuel, remembers the family-run Lindstedt Oil operating "the old-fashioned way" in those days.
"They were good people giving good service and giving back to the community," Mr. Marandola recalled. "You lose that with big companies, especially the giving back to the community.
"That's the way of the world," he said. "These big companies are swallowing up the little guy.
"But New Milford High School doesn't call Canada when it needs a sponsor for a school event," he added. "It calls someone like me."
First sold in the late 1990s by the Lindstedt family after more than 60 years' family ownership to Sasco Energy, Lindstedt Oil Company in New Milford is being sold again, to a Canadian company.
A spokesman for the parent company, CH Energy Group of Poughkeepsie, N.Y., said Nov. 7 the sale should not affect customers or employees of Lindstedt.
"The sale does not include any sort of change to their operations or services," said company spokesman John Maserjian. "We're not seeing any changes to the way these companies (sold) are operating as part of the sale. We don't see any changes for their employees or their customers."
The sale is to a Canadian energy company, Superior Plus Corp., based in Calgary, Alberta.
The sale is valued at $76 million and includes Griffith holdings in Pennsylvania, Rhode Island and Connecticut, including in-state divisions in New Milford, Cornwall, Torrington, Winsted and Seymour through its Sasco Energy Services division.
The deal was consummated as the result of a year-long review by CH Energy Group of its holdings and investments. Concerned with high oil prices on its company portfolio, CH Energy decided to sell the Griffith division holdings, according to a company press release.
The sale is subject to regulatory approval in the United States and Canada but is expected to close in December, according to Superior's Web site.
If the acquisition is approved, Superior plans to combine Griffith Energy Services management team with its current team to operate the overall business, according to Superior.
Lindstedt Oil Company was founded in 1935 by Carl Lindstedt and was located on Bridge Street. It was run by his two sons, Fred and Randal (Bee) Lindstedt and featured gas stations and wholesale, retail and lubricant sales.
Mr. Marandola became a part-owner in the mid-1980s and sold out in 1993, opening his own fuel oil company in 1995.