Mergers & Acquisitions

Island Energy Services Acquiring Hatch’s Package Store

Company expects transaction to close later this year
island energy services

NANTUCKET, Mass. — Island Energy Services is acquiring Hatch’s Package Store in Nantucket, Mass., from Butnell Corp., according to a report by The Inquirer and Mirror. After four decades, owner Judy Brownell is selling the liquor store and gas station, said the report.

The pending sale does not include the neighboring Henry Jr. sandwich shop and Bill Fisher Tackle property, the report added.

“The only thing that would be changing would be the ownership,” Island Energy Services CEO Todd Boling told the newspaper. “We are excited about the opportunity to work with Judy to transition her ownership to our ownership group, which would be a separate entity outside of the Island Energy Services umbrella.”

Island Energy Services owns Harbor Fuel, Yates Island Gas and Airport Gas.

Hatch’s started as a garage in the early 1900s that sold kerosene and then gasoline, the store says on its website. After Prohibition, it acquired a beer and wine license. In the 1960s Katherine (Hatch) Dunham took over the operation, and then in 1979 sold the store to Judith and Butler Brownell.

The companies expect the transaction to close later this year for an undisclosed price, said the report.

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