Energy Distribution Partners Closes on Third Round of Equity Capital
Energy Distribution Partners (EDP or the Company) closed its third round of equity capital in the amount of $10 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. In 2016, EDP completed six acquisitions and now serves residential and commercial customers in California, Minnesota, Wisconsin, Michigan, Ohio, Pennsylvania, and New York.
Mr. Thomas E. Knauff, Chief Executive Officer of EDP, stated, “We are very pleased to welcome the six outstanding businesses acquired this year to the EDP family of companies. Going forward, we will continue to pursue our long-term strategy of acquiring successful operations in propane and other fuels and in the midstream sector, while retaining the brand name, preserving local management, and delegating to leaders in their local communities.”
Mr. David Kakareka, Vice President of Transaction Management, commented, “Since 2012, 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. Knauff at email@example.com or 312-254-5951.
About Jordan Knauff & Company
Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Services include mergers and acquisitions advisory, debt and equity capital formation, and strategic financial advisory services to companies in a variety of industries. Typical transaction sizes range from $10 million to $300 million in total consideration.
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 2016 Alternative Investment Awards for Best Equity Capital Raising Transaction by Wealth & Finance International magazine, 2016 Capital Raising Advisory of the Year in the United States by ACQ (Acquisition Finance) 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.
For further information on the transaction or Jordan Knauff & Company, please contact Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, at firstname.lastname@example.org / 312-254-5901 or Mr. David Kakareka, Vice President of Transaction Management, at email@example.com / 312-254-5907. Jordan Knauff & Company is a member of FINRA.
Equity Capital Raise