Townsend Oil Expands New England Platform with $56MM Financing

Webster Bank has led a $56 million multi‑bank credit facility to support Townsend Oil Company’s acquisition of Alvin Hollis and refinancing of existing debt.  The acquisition significantly expanded Townsend’s footprint across New England. Acting as Administrative Agent, Webster structured a financing solution that positions the company for continued growth and operational transformation.

Townsend, a fourth‑generation family‑run provider of heating oil, diesel, propane, and home services, strengthened its market presence with the addition of Alvin Hollis—a trusted brand with over 100 years serving customers on Boston’s South Shore.  The combined platform enhances service capabilities and supports Townsend’s long‑term growth strategy.

Webster’s deep expertise in the downstream petroleum and convenience sectors played a key role in structuring a solution aligned with the company’s operational needs and risk profile, reinforcing Webster’s commitment to specialty industries.

“Webster, using its industry knowledge, delivered a competitive and well‑structured financing solution that supported our acquisition of Alvin Hollis and our continued regional growth,” said Jim Townsend, Executive Chairman.