logo for Approved Oil

Approved Oil

Electricity, Oil & Gas · New York, United States · 116 Employees

View Company Info for Free

About

Headquarters

6717 4th Ave, Brooklyn, New York, 11220, United...

Phone Number

(718) 238-1050

Revenue

$111.1 Million

Industry

Electricity, Oil & Gas Energy, Utilities & Waste Treatment

Most Recent Scoops

Feb 14 2023
New Hire
Dec 31 2020
Mergers & Acquisitions (M&A)
See all scoops

Highlights

<$5M

Total Funding Amount

<$5M

Most Recent Funding Amount

1

Number of Funding Rounds

View details

Who is Approved Oil

Approved Oil has been providing exceptional service in New York City since 1932. Over the years, we have supplemented our Oilheat delivery with imp ortant new services that greatly benefit our customers. We now offer total care for our customers' heating equipment, including preventive maintenance, emergency service and installation of new equipment. Our service contracts provide regular preventive maintenance and help control repair costs. We have also added a number of services that make it easier to buy fuel. Our budget plan makes payment more manageable, and our price protection protects customers against inflation. Exceptional service and innovation have helped Approved Oil become the largest family-owned oil company in New York City. We recently grew our business five-fold in a 10-year span, and we now have 150 employees and 84 vehicles, operating out of our new, state-of-the-art facility in Bayridge, Brooklyn. Despite our phenomenal growth, we are as committed as ever to the needs of each individual customer. We've come a long way with this philosophy, and we will never waver.Read more

Approved Oil's Social MediaPopular SearchesApproved Oil CoApproved Oil Co of Brooklyn IncApproved OilApproved Energy LLCApproved EnergySIC Code 51,517NAICS Code 45,457Show more

Approved Oil Org Chart

Vincent Theurer

Chief Executive Officer & President

PhoneEmail
Kevin Duffy

Chief Financial Officer

PhoneEmail
Robert Ross

General Counsel & Chief Legal Officer

PhoneEmail

PhoneEmail

Is Approved Oil your ideal customer?

Let us give you the heads up on whether it's a good time to reach out

Recommended Actions

Similar Companies to Approved Oil

Analyze insights from companies similar to Approved Oil and make strategic comparisons based on performance, financial data, growth and unique benchmarks.

See more companies
Illustration of an envelope

Approved Oil financials insights

Gather financial insights about Approved Oil, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

Approved Oil Employee Growth Rate

Graph showing projected employee growth data for Approved Oil

View Approved Oil’s full employee growth data

Percentage of growth

1st year Mask

2nd year Mask

Approved Oil Tech Stack

A closer look at the technologies used by Approved Oil

Most Recent Scoops

Feb 14 2023
New Hire
Executive Moves, New Hire
Sep 1 2021
Mergers & Acquisitions (M&A)
Dec 31 2020
Mergers & Acquisitions (M&A)
Apr 9 2020
Funding
Approved Oil has received an SBA PPP loan for $2-5 million from JPMorgan Chase Bank.
Oct 8 2019
Mergers & Acquisitions (M&A)
Approved Oil announced the acquisition of Associated Fuel Company. The terms of the transaction have not been disclosed.
Mergers & Acquisitions
See more scoops

Approved Oil News & Media

Read more news

Top Companies in United States

Top 10 companies in United States by revenue

Top 10 companies in United States by number of employees

Top 10 companies in United States by total funding amount

See top companies

Frequently Asked Questions Regarding Approved Oil

Where is Approved Oil located?
Approved Oil's headquarters are located at 6717 4th Ave, Brooklyn, New York, 11220, United States
What is Approved Oil's phone number?
Approved Oil's phone number is (718) 238-1050
What is Approved Oil's official website?
Approved Oil's official website is www.approvedoil.com
What is Approved Oil's Revenue?
Approved Oil's revenue is $111.1 Million
What is Approved Oil's SIC code?
Approved Oil's SIC: 51,517
What is Approved Oil's NAICS code?
Approved Oil's NAICS: 45,457
How many employees does Approved Oil have?
Approved Oil has 116 employees
What industry does Approved Oil belong to?
Approved Oil is in the industry of: Electricity, Oil & Gas, Energy, Utilities & Waste Treatment
What is Approved Oil competition?
Approved Oil top competitors include: Boro Energy, Long Energy, Maritime Energy, TriEagle Energy
What companies has Approved Oil acquired?
Approved Oil has acquired the companies: Hunts Point Fuel, New Utrecht Fuel Oil, Original Energy, Star Industrial Service
What technology does Approved Oil use?
Some of the popular technologies that Approved Oil uses are: reCAPTCHA, DoubleClick, Google Universal Analytics, Adobe Activation
Who is the CEO of Approved Oil?
Approved Oil's CEO is Vincent Theurer
Who is the CFO of Approved Oil?
Approved Oil's CFO is Kevin Duffy
How do I contact Approved Oil?
Approved Oil contact info: Phone number: (718) 238-1050 Website: www.approvedoil.com
What does Approved Oil do?

Approved Oil has been providing exceptional service in New York City since 1932. Over the years, we have supplemented our Oilheat delivery with important new services that greatly benefit our customers. We now offer total care for our customers' heating equipment, including preventive maintenance, emergency service and installation of new equipment... . Our service contracts provide regular preventive maintenance and help control repair costs. We have also added a number of services that make it easier to buy fuel. Our budget plan makes payment more manageable, and our price protection protects customers against inflation. Exceptional service and innovation have helped Approved Oil become the largest family-owned oil company in New York City. We recently grew our business five-fold in a 10-year span, and we now have 150 employees and 84 vehicles, operating out of our new, state-of-the-art facility in Bayridge, Brooklyn. Despite our phenomenal growth, we are as committed as ever to the needs of each individual customer. We've come a long way with this philosophy, and we will never waver.Read More

What are Approved Oil social media links?
Approved Oil Linkedin page Approved Oil Twitter page Approved Oil Facebook page
How much funding has Approved Oil raised to date?
Approved Oil has raised <$5 Million in 1 funding round
When was the last funding round for Approved Oil?
Approved Oil closed its last funding round on Apr 09, 2020 with the amount of <$5 Million
Is Approved Oil a public company?
Approved Oil is private company therefore does not currently have an official ticker symbol
See more information about Approved Oil

Get Started with ZoomInfo

Register for free

Sign Up for Free

Get started for free! No credit card needed. Enjoy up to 25 free contacts each month at no cost.
Elevate your prospecting to the next level

Supercharge Your Prospecting

Search ZoomInfo's database of 106M+ companies and 140M+ professionals to find your next lead.
Expand your business

Grow Your Business

Reveal both personal and business contact details, including emails and phone numbers, and close your most valuable buyers.