Pritzker Private Capital explores $1bn-plus sale of propane distributor EDP
Pritzker Private Capital is exploring a potential sale of Energy Distribution Partners, a propane and light fuels distributor that could command a valuation of more than $1bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
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.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
