Affiliates
Wise Oil & Fuel and Aero Energy
Pictured above: (Left) Joe Cole, Tom Washburn, Bill Wise, and Fred Hubbard stand together for a photo after the arrangements.(Right) Bill Wise and Tom Washburn stand in front of a Wise Oil Utility Truck.
Bill Wise Announces Merger With PA-Based Aero Energy
Bill Wise, owner of Cambridge-based Wise Oil and Fuel, and Tom Washburn, Aero Energy President and CEO, have announced the merger of Wise Oil and Aero Energy.
“I am extremely pleased to announce the merger of Wise Oil and Fuel with Aero Energy,” said Mr. Wise. “I have looked long and hard for a company to partner with that I felt could match the small town values and commitment to customer service that have been the hallmark for the Wise family and its employees over the past 60 years.”
Wise-Aero = Local Heating Oil & Gas Savings
Mr. Wise and his employees will continue to run the Wise-Aero operation out of Cambridge, where Mr. Wise will remain as the manager. “Our goal is to maintain the local Wise traditions of customer service and savings, and to also add products and services made possible through our new relationship with Aero Energy.” Both Aero and Wise are commited to serving their customers with the best oil and gas prices possible on the local level.
Mr. Washburn said Aero was looking to fill a mid-Eastern Shore service area between locations in Salisbury and Havre de Grace. Both Mr. Wise and Mr. Washburn believe the combined operation is a great service territory fit to better serve consumer needs on the Delmarva Peninsula.
He added, “We are very pleased Bill Wise will remain to manage the merged businesses. Wise Oil has a great team of technicians as well as expert installers and a courteous support staff. Aero is now able to provide its customers with skilled heating and cooling service on indoor and outdoor equipment.”
Mr. Wise said he was “very pleased to announce the reintroduction of propane into the Wise/Aero family of products and services. Aero's propane expertise now allows us to offer propane delivery, sales and service out of our Cambridge office.”
Wise Oil and Fuel is headquartered in Cambridge and operates two other locations in Wye Mills and Salisbury. Its 4,000 consumers are primarily located in Dorchester, Talbot, Caroline and Queen Anne’s counties. Aside from distributing heating fuels, gasoline, and diesel fuel, Wise also installs and services heating and cooling systems.
Aero Energy is headquartered in New Oxford, PA and operates out of 10 locations in south-central Pennsylvania, northern and southern Maryland, Delaware and the Maryland Eastern Shore.
Aero, founded in 1929, serves approximately 27,000 consumers with distribution of propane, heating oil, gasoline, and diesel, heating and cooling equipment installations and related maintenance services, propane cylinder refurbishment, distribution of Blue Rhino propane grill cylinders, and standby electric generators. Aero is an operating company of Mid-Atlantic Cooperative Solutions, Inc. (MACS), and is jointly owned by affiliates of Choptank Electric Cooperative, Denton, MD Adams Electric Cooperative, Gettysburg, PA, and an Aero employee stock ownership plan.
Fred Hubbard, president and CEO of Choptank Electric, said, “Since Choptank became involved in the purchase of Aero Energy in 2001, I've wanted to do more on the Eastern Shore than having one distribution point in Salisbury since we have members in all nine counties. The right fit for an organization comes along rarely. This merger looks and feels like the right fit for MACS and Aero. Bill Wise, Tom Washburn and their team show total professionalism all the way, and we are very pleased to have a great partner like Adams Electric Co-op alongside of us."
