Joe Armentano, CEO of Paraco, with Christina Armentano, Paraco VP/Business Development, center, surrounded by Bay Gas field employees. Paraco, of Rye Brook, N.Y., has acquired Bay Gas, a family-owned propane company based in Shirley, N.Y. This is the second business acquisition for Paraco in 2017 and its 47th overall. Paraco has been servicing Long Island since 1985. The acquisition adds 22,000 customers and 12 million gallons of propane and boosts the Long Island customer base to 65,000.