Platinum Equity to Acquire Propane Distributor EDP
Platinum Equity has signed a definitive agreement to acquire EDP, a major U.S. propane distribution provider serving over 200,000 residential, commercial, and agricultural customers. Headquartered in Chicago, EDP operates through more than 60 locations across 24 states and is recognized as one of the largest independent distributors in the country. The acquisition aims to leverage Platinum Equity's operational expertise to drive growth in sales, marketing, technology, and strategic acquisitions within a fragmented market. EDP CEO Kevin Pollack will remain at the helm to lead the company through its next phase of expansion. The transaction is subject to customary closing conditions and regulatory approvals.
Topics: Acquisition Energy Services Private Equity Propane Distribution