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berico.com

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About Berico Fuels

Berico Fuels and partner companies, Carolina Fuels Inc. and Alamance Oil Co., have provided residential heating and cooling fuels and service throughout Greensboro, Eden, and Burlington since 1924. The companies together offer propane, home heating oil, kerosene, diesel fuel, gasoline, and lubricant products.

Berico Fuels Headquarter Location

2200 E Bessemer Ave

Greensboro, North Carolina, 27405,

United States

336-273-8663

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Latest Berico Fuels News

Founded by W.N. Berry in 1924, Berico Fuels Appoints Fourth Generation Company President

Oct 16, 2020

Berry in 1924, Berico Fuels Appoints Fourth Generation Company President By GREENSBORO, N.C., Oct 14, 2020 (SEND2PRESS NEWSWIRE) — Founded by W.N. Berry in 1924, Berico Fuels recently named its sixth Berry to be the company’s president. Will Berry is fourth generation and does not take the position for granted. Will did not originally set out to work in the family business. After getting his master’s degree at Michigan State, he worked in the real estate development business for five years. Ready for a change, Will and his father, Tom Berry, Berico’s current CEO, said that he and his son traveled the country studying franchises as they sought out new business opportunities together. They looked at the books and analyzed many different opportunities. “After studying various franchises, my father and our other partner, John Fuquay, approached me on my interest in joining Berico,” Will says. “After considerable thought I agreed to join Berico in 2011.” Since then, he’s helped grow the multiple company divisions and has cultivated valuable employee relationships. He bought into the partnership in 2017. “I could not have done any of this without the direction and mentorship of my father and John, the company’s current Chairman of the Board. John gave 50 years of service to this business and he’s one of the most dedicated people I know,” Will says. “I’ve got some big shoes to fill.” With no signs of slowing down, Will is looking to a future of smart growth – one that focuses on company culture, values relationships and positions them as a regional energy leader. He’s committed to Berico’s mantra – “Always dependable” – and adds, “I will always work to keep our employees and our customers happy.” “I realized early on that I needed to give 120 percent effort to show the other employees I wasn’t looking for the silver-spoon per-say,” he says. About Berico Fuels Berico Fuels started out in the coal business delivering and servicing clients via its horse-drawn buggies. Today, it has more than 100 employees and has been through numerous acquisitions; six in the last six years. The company, and its subsidiaries, Alamance Oil and Carolina Fuels, deliver residential heating fuels and propane, commercial fuels and lubricants, and HVAC service within the Greensboro Triad Area. Since its inception, Berico has tried to be the “always dependable” company for home comfort through its various avenues of business. Each generation of the business has been deeply rooted in giving back to the local community. Berico is particularly proud of its “Gift of Warmth” campaign, raising and matching over $50,000 in donations to the Salvation Army; helping the less fortunate to heat their homes each winter. For more information: https://www.berico.com/

Berico Fuels Acquisitions

1 Acquisition

Berico Fuels acquired 1 company. Their latest acquisition was Kallam Oil on November 07, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/7/2017

$99M

Acquired

1

Date

11/7/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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