Energy Distribution Partners Closes on Subordinated Preferred Equity Commitments
Energy Distribution Partners (EDP or the Company) closed on Subordinated Preferred Equity commitments in the amount of $22.8 million to continue the support of its business plan. Middle-market investment bank Jordan Knauff & Company (JKC) served as the exclusive advisor to Energy Distribution Partners throughout the process.
EDP’s business plan involves acquiring, integrating and operating businesses in the energy midstream and downstream sectors in which the management team has expertise. The Company maintains an intense focus on retail propane, natural gas liquids (NGL) and other refined fuels. Since 2012, EDP has completed 17 acquisitions and now serves residential and commercial customers in California, Washington, Minnesota, Wisconsin, Michigan, Ohio, Pennsylvania, New York and South Carolina.
Mr. David Kakareka, Vice President of Transaction Management, commented, “EDP has built its reputation as a creative and responsive buyer of retail distribution operating assets which has led to additional acquisition opportunities across the energy sector. The additional equity commitments will provide long-term capital solutions to the Company and its ongoing business plan.”
Energy Distribution Partners is a rapidly-growing company in America’s fast-changing energy landscape – with deep experience in retail and commercial propane sales, operations and finance. For further information on EDP, contact Mr. Thomas E. Knauff, Chief Executive Officer, at email@example.com or 312-254-5951.
When a middle-market enterprise seeks financing and requires a flexible capital structure, JKC has proven its ability to assist ownership towards a successful outcome. The firm has had notable success raising debt and equity capital from our network of banks, mezzanine lenders, financial institutions, private equity groups, wealth managers, family offices and high net worth investors for a variety of industries, including energy distribution, flow control and real estate. JKC has been recognized with a number of financing industry awards, including the 2018, 2017 and 2016 Capital Raising Advisory of the Year in the United States by ACQ (Acquisition Finance) magazine, 2016 Alternative Investment Awards for Best Equity Capital Raising Transaction by Wealth & Finance International magazine, 2015 Alternative Investment Awards for Best Start-up Direct Investment by Wealth & Finance International magazine, and the 2010 International Financing Deal of the Year in the Energy Sector by The Mergers & Acquisitions Advisor.
About Jordan, Knauff & Company
JKC is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, building products and services, energy logistics and distribution, and flow control (pumps, valves, filtration). Typical transaction sizes range from $10 million to $300 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to our clients. It is their mission to provide the best transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them.
For further information on this transaction or Jordan Knauff & Company, please contact Mr. G. Cook Jordan, Jr., at firstname.lastname@example.org / 312-254-5901 or Mr. David A. Kakareka, Vice President of Transaction Management, at email@example.com / 312-254-5907. JKC is a member of FINRA.
Equity Capital Raise
Finalist for Equity Financing Deal of the Year (2019)