NJBIZ Conversations: Michael Stivala, CEO of Suburban Propane & Rebecca Boudreaux, CEO of Oberon Fuels Discuss Their Recent Partnership

Suburban Propane, the Whippany-based fuel distributor, has made green energy a centerpiece of its corporate strategy. The most recent manifestation of that focus is the company’s acquisition of a 39 percent stake in Oberon Fuels, an alternative fuel producer based in San Diego. The companies’ CEOs, Michael Stivala of Suburban Propane and Oberon’s Rebecca Boudreaux, met at an industry conference in Washington, D.C. and realized that there was a fit…   “This partnership aligns perfectly with our vision for a sustainable energy future,” said Suburban Propane President and CEO Michael Stivala. He emphasized the importance of investing in innovative solutions that reduce carbon emissions and promote the use of renewable resources. The collaboration aims to enhance both companies’ capabilities in the emerging alternative fuel market, ultimately benefitting their customers and the environment. The suburban propane acquisition announcement marks a significant step towards expanding their portfolio of sustainable energy options. This strategic move not only positions Suburban Propane as a leader in the green energy sector but also fosters innovation across the industry. Both companies are committed to collaborating on projects that will drive the development of cleaner fuels, contributing to a healthier planet for future generations.

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