Deal Details
Platinum Equity Acquires EDP
Summary
Platinum Equity has entered into a definitive agreement to acquire Energy Distribution Partners (“EDP” or the “Company”), a portfolio company of Pritzker Private Capital (“PPC”), Duchossois Capital Management (“DCM”) and Concentric Equity Partners (“CEP”). The transaction is subject to regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.
Baird served as financial advisor to Platinum Equity on this transaction.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $48 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 550 acquisitions.
Chicago, Illinois-based EDP is a highly reputable, super-regional platform within America's highly stable and resilient propane distribution market – with deep experience in retail and commercial propane sales, operations and finance. The Company provides safe, reliable propane service to residential and commercial customers in Arizona, California, Connecticut, Delaware, Florida, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Virginia, Washington, West Virginia and Wisconsin. EDP pursues a long-term strategy of purchasing successful operations in propane and other fuels, retaining the brand name, preserving local management while continuing to support local communities.
PPC is a family-oriented investment firm that seeks to partner with leading family and entrepreneur-owned, middle-market companies based in North America across the manufactured products and services sectors. PPC’s long-duration capital base allows for efficient decision-making, flexibility in regard to transaction structure and investment horizon and a strategic alignment with all stakeholders, operators and sellers. PPC builds and holds businesses for the right duration, with offices in Chicago, Illinois and Los Angeles, California.
DCM is a private investment firm launched in 2013 by the Duchossois Group. DCM offers experience, operational expertise and long-term vision to management teams, fund managers and partners. DCM is headquartered in Chicago, Illinois.
CEP is a private investment firm. CEP partners with leading middle-market companies by providing capital and strategic advisory to accelerate long term value creation. CEP’s approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. CEP’s investment team is made up of individuals with distinguished track records as operators and professional investors across a variety of growth oriented middle market companies. CEP is the direct investing arm of Financial Investments Corporation (“FIC”), a private asset management firm with over $2 billion in investment commitments under management. CEP is headquartered in Chicago, Illinois.
Chicago, Illinois-based EDP is a highly reputable, super-regional platform within America's highly stable and resilient propane distribution market – with deep experience in retail and commercial propane sales, operations and finance. The Company provides safe, reliable propane service to residential and commercial customers in Arizona, California, Connecticut, Delaware, Florida, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Virginia, Washington, West Virginia and Wisconsin. EDP pursues a long-term strategy of purchasing successful operations in propane and other fuels, retaining the brand name, preserving local management while continuing to support local communities.
PPC is a family-oriented investment firm that seeks to partner with leading family and entrepreneur-owned, middle-market companies based in North America across the manufactured products and services sectors. PPC’s long-duration capital base allows for efficient decision-making, flexibility in regard to transaction structure and investment horizon and a strategic alignment with all stakeholders, operators and sellers. PPC builds and holds businesses for the right duration, with offices in Chicago, Illinois and Los Angeles, California.
DCM is a private investment firm launched in 2013 by the Duchossois Group. DCM offers experience, operational expertise and long-term vision to management teams, fund managers and partners. DCM is headquartered in Chicago, Illinois.
CEP is a private investment firm. CEP partners with leading middle-market companies by providing capital and strategic advisory to accelerate long term value creation. CEP’s approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. CEP’s investment team is made up of individuals with distinguished track records as operators and professional investors across a variety of growth oriented middle market companies. CEP is the direct investing arm of Financial Investments Corporation (“FIC”), a private asset management firm with over $2 billion in investment commitments under management. CEP is headquartered in Chicago, Illinois.
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- Date
- November 2026
- Company
- Platinum Equity
- Transaction
- M&A - Buyside
- Sectors
-
Industrial
Energy - Verticals
-
Energy
Distribution
- Target Geography
- North America
- Acquiror Geography
- North America
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