CHICAGO–(Business WIRE)–Oct 6, 2020–
Pritzker Non-public Cash (“PPC”), a leader in family direct investing, now announced the completion of a prosperous recapitalization of Electrical power Distribution Partners (“EDP”), one particular of the leading distributors of propane and gentle fuels in North The us. Pritzker Non-public Cash has invested along with Concentric Equity Associates and Duchossois Funds Management, in partnership with EDP’s administration staff, who will continue to guide the business enterprise. Economical conditions were not disclosed.
Headquartered in Chicago, Unwell., EDP operates 26 regional branch places spanning 10 states across the United States. The organization serves far more than 120,000 residential, professional, industrial and agricultural prospects via a various network of provider centers. EDP was founded in 2012 by Thomas Knauff, an sector veteran with a keep track of report of founding and creating electrical power distribution firms. The firm has correctly developed through acquisition of regionally-managed marketplace leaders and programs to continue to expand and diversify by way of the addition of new retail propane and midstream functions.
“EDP is a acknowledged chief in the propane distribution industry with a number of avenues for ongoing growth and a wonderful management team,” reported Ryan Roberts, Financial investment Companion – Providers at PPC. “We are delighted to lover with EDP’s management team to support the ongoing growth of the company’s countrywide footprint and create on its proven observe record of achievement.”
“Since our founding, EDP has cultivated a culture dedicated to delivering fantastic high-quality and company throughout all of the area markets in which we function,” mentioned Thomas Knauff, CEO of EDP. “Our collaboration with PPC, Concentric and Duchossois will advance our growth tactic as we construct on the excellent common of quality, support and safety for which EDP is recognised. This is the best extensive-time period partnership to guide EDP into our upcoming chapter.”
Paul Carbone, President and Controlling Partner at PPC, reported, “We are pleased to collaborate on this option with two very revered Chicago-centered family investors. Together, in partnership with the EDP workforce, we glimpse ahead to continuing to create a market place-primary business enterprise and reaching long-phrase results.”
Said Ken Hooten, Spouse at Concentric Equity Associates, “On behalf of Concentric, and our key trader, the Steans loved ones, we’re delighted to be part of Pritzker Personal Money and Duchossois Capital Management, two like-minded household expense firms, to guidance a potent, progress-focused company like EDP. We feel this partnership will gain EDP’s workforce, prospects and all of the company’s stakeholders.”
The investment decision in EDP improves Pritzker Personal Capital’s household of products and services businesses, which involves ENTACT, a major environmental remediation and geotechnical construction services business and Valicor Environmental Providers, one particular of North America’s biggest companies of non-hazardous wastewater procedure companies.
Stifel acted as exclusive financial advisor to EDP.
About Electricity Distribution Companions
Electrical power Distribution Companions (EDP) is a fast increasing organization with the deep expertise in retail propane functions. The enterprise delivers risk-free, responsible propane assistance to household, business, industrial and agricultural customers in California, Minnesota, Wisconsin, Michigan, Ohio, Pennsylvania, New York, South Carolina, West Virginia and Washington. Electrical power Distribution Companions pursues a lengthy-phrase technique of acquiring prosperous distributors of propane and other gentle fuels in the midstream electricity sector, retaining the brand title and staff base, and preserving the tradition and management in regional communities. EDP has develop into a sizeable player in the propane industry, just lately regarded as 1 of the top rated 10 impartial multi-state entrepreneurs, providing far more than 100 million gallons of propane and light fuels in 2019. Considering the fact that its inception in 2012, EDP has helped far more than 25 owners of perfectly-operate propane firms transition to their very own “next chapter” while benefiting all people associated. For far more data, check out Edplp.net.
About Pritzker Non-public Capital
Pritzker Personal Capital companions with center-sector firms primarily based in North The usa with leading positions in the made goods, expert services, and healthcare sectors. The firm’s differentiated, prolonged-length funds foundation makes it possible for for efficient final decision-generating, broad overall flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Non-public Cash builds enterprises for the lengthy expression and is an best family money partner for entrepreneur- and loved ones-owned companies. Pritzker Personal Cash is a signatory to the United Nations Principles for Dependable Investment (PRI). For more details, check out PPCPartners.com.
About Concentric Fairness Partners
Concentric Fairness Associates is a non-public investment agency based in Chicago, IL. We companion with top middle sector corporations by providing funds and strategic advisory to speed up lengthy expression value generation. Our approach is simple: help entrepreneurs and operators by offering the means necessary to reach extraordinary benefits. CEP’s investment crew is produced up of persons with distinguished keep track of documents as operators and experienced traders across a wide variety of advancement oriented center current market businesses. CEP is the direct investing arm of Money Investments Corporation, a personal asset administration organization with around $2 billion in expenditure commitments underneath administration. For much more facts, go to ficcep.com.
About Duchossois Capital Management
Duchossois Cash Administration is a private financial commitment firm owned by the Duchossois spouse and children. The firm’s operational experience, marketplace awareness and lasting source of capital generates lengthy-term worth together with administration teams and other financial commitment associates. DCM delivers more abilities by way of its intensive government interactions, inventive expenditure constructions and expansive running methods to a extensive array of asset courses including private and general public corporations, personal investment cash and true estate. For much more information and facts, pay a visit to dcmllc.com.
Get in touch with: Abernathy MacGregor
Dan Scorpio / James Bourne
(312) 640-3111 / (213) 630-6550
Search term: UNITED STATES NORTH America ILLINOIS
Market Key word: OTHER Strength UTILITIES OIL/Gasoline FINANCE Vitality CONSULTING BANKING Qualified Products and services
Source: Pritzker Private Funds
Copyright Business enterprise Wire 2020.
PUB: 10/06/2020 09:00 AM/DISC: 10/06/2020 09:01 AM
Copyright Company Wire 2020.
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