News
Q4 2025 Insurance Buyers Survey
As of Q4, 2025: Tounge Associates has relationships to 50+ active insurance agency buyers in the New England region. We connected with these buyers to learn more about their investment criteria, acquisition experiences, and what they are looking for from sellers. If you are a seller or considering an exit in the future, we look…
Adding Hunter Carroll to the Team
Tounge Associates is pleased to announce we have added Hunter Carroll as our newest M&A Advisor, with a focus on the Insurance industry. With over a decade of experience in the insurance industry, Hunter is a former agency owner who successfully sold his business in 2023. He understands the unique challenges and opportunities that come…
Adding Matthew Porter to the Team
Tounge Associates is pleased to announce we have added Matthew Porter as Senior Advisor to the M&A Advisory team, with a focus on the Oil, Propane and HVAC markets. Matt Porter was the founder and owner of Tidewater Oil Company– an oil, propane and service business in Belfast, ME. Tounge Associates had the privilege to…
A Year After a Sale – Tidewater
Tounge Associates had the privilege to assist Tidewater in the sale of their business to Dead River in 2022. We first met Matt and Michele Porter in 2021 to learn more about their business and complete a Valuation. It wasn’t until 2022 that Matt and Michele made the decision to sell their business and engage…
A Year After a Sale – Maine-ly Heating
Tounge Associates had the privilege to assist Maine-ly Heating in the sale of their business to Lake Region Energy. Mainely Heating Oil was founded in 1984 by Phil and Kim Pomerleau in Gorham, Maine, before they moved the business to Standish, Maine in 1987. Phil and Kim and their family served the Standish and lake…
What will happen to Heating Oil?
There is no shortage of oil. The U.S. broke a production record in December 2023 with 13.5 million barrels of oil per day. That’s more than any country has ever produced thanks to the immense domestic reserves of shale oil. Moreover, major Oil companies are merging, Exxon bought Pioneer and Chevron plans to buy Hess.…
Propane’s future looks bright in the Energy Transition
The energy transition is underway – or so they say. Meanwhile, we need to fuel the world’s economy considering 80-85% of our energy still comes from fossil fuels. Regardless of how you feel about the energy transition – whatever fuels we choose to optimize, it is paramount that they are sturdy like the four legs…
A consolidating HVAC industry – what are buyers looking for?
If you are in the industry – you know all about consolidating HVAC market – highly fragmented, aging ownership, constrained labor pool, and plenty of private-equity and strategic buyers. This isn’t new news. Throw in a changing home environment (think electrification, heat pumps, solar and battery) and you have a strong case for a consolidating…
Start the Confidential Process
Tounge Associates is a no pressure, relationship driven family practice. Let's start with a confidential introduction to your business, your goals, and where Tounge Associates could assist you along the exit path! It’s a journey and we can help you along the way.
