Energy, Oil & Gas Issue 225 March 2025 | Page 44

________________________________________________________________________________________________________________________

Daigle Oil Company( DOC) was founded by Guy Daigle in 1955. COO Carter Vaillancourt shares an overview of the company’ s storied history, and how it has grown from humble beginnings:“ He started out with just a single fuel truck around the Fort Kent area of Maine delivering heating oil and kerosene, and a few years later, he built his first gasoline station. It has always been a family-owned and operated company. The founder’ s son, Rick, along with my father, Dan, eventually took over the business as owners, and ran it for several years, and under their leadership we saw continuous expansion through acquisition and product diversification.

“ What started out as one man’ s vision delivering heating oil around the local area has now grown to have 160 employees covering all of Northern Maine. We have five home heating divisions delivering various liquid fuels, staffed with full HVAC departments, as well as eight retail motor fueling sites. We also have six car washes and seven remote diesel fueling sites, which primarily cater to the logging industry; they’ re very remote locations along the western border of Maine.”
Another significant evolution occurred to DOC under the leadership of Rick Daigle and Dan Vaillancourt; as when they approached retirement, they didn’ t want to simply sell the business. Carter goes on to describe the process and benefits of DOC becoming an employee-owned business instead:“ It was a big move for the company because up until that point it had been owned by just two shareholders. Those owners, Rick and Dan, wanted to retire, but they also wanted the business to carry on their vision, to remain local, to keep all of their employees;
Ex Ex

Power your energy strategy with StoneX

Navigate market volatility with confidence. Our team delivers expert market research and data-driven strategies, global market access and customized trading, along with inventory hedging and risk management consulting for:
Crude oil Natural gas Ultra-low sulfur diesel
Unleaded gasoline Propane Heating oil
Explore More
The trading of derivatives such as futures, options, and over-the-counter( OTC) products or“ swaps” may not be suitable for all investors. Derivatives trading involves substantial risk of loss, and you should fully understand those risks prior to trading. © 2025 StoneX Group Inc. All Rights Reserved.
44