Bernhard Capital closes EPIC Piping sale to One Equity
The Baton Rouge, Louisiana-based pipe fabrication platform serves critical infrastructure, energy and industrial markets globally. The post Bernhard Capital closes EPIC Piping sale to One Equity appeared first on PE Hub .
Chicago-based private equity firm Pritzker Private Capital is exploring the possibility of selling Energy Distribution Partners, a propane and light fuels distributor, which could be valued at over $1 billion, according to Bloomberg. The potential sale is currently under discussion and no final decision has been made. Private credit lenders are considering providing financing for the transaction, while prospective buyers may also seek funding through the syndicated loan market.
Pritzker Private Capital, owned by the Pritzker family, invested in EDP in 2020 alongside Duchossois Capital Management and Concentric Equity Partners. Since this investment, EDP has grown its business through several acquisitions in the propane distribution market, most recently buying Connecticut-based Hocon Gas in February. The potential sale would allow Pritzker to capitalize on an investment that has been expanded through a buy-and-build strategy, while demand for private credit could offer buyers an alternative financing option.
Pritzker recently raised $3.4 billion for its fourth investment fund and focuses on middle-market businesses across North America, particularly in manufacturing products and services.
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- Pritzker Private Capital explores $1bn-plus sale of propane distributor EDP privateequitywire.co.uk
