Energy Distribution Partners Acquires Kent Oil & Propane In Michigan
(August 10, 2019) — Energy Distribution Partners (“EDP”), based in Chicago, Illinois, has announced its recent acquisition of Kent Oil & Propane, which serves propane and petroleum light oils customers in and around Nashville, Michigan. Kent Oil & Propane was a third generation business launched in 1936 by Walter and Mildred Kent as a gasoline and distillate agent for Standard Oil. The business was taken over in the late 1960’s by their son Jerry and his wife, Anne. In 1981, their son John joined the company followed by their son-law, Jeff Hynes, in 1988. In 1992 the company expanded into propane. Mr. Hynes has led Kent Oil & Propane since 1995 with assistance from his partner John Kent. Following Mr. Kent’s untimely death in 2010,…
(August 10, 2019) —
Energy Distribution Partners(“EDP”), based in Chicago, Illinois, has announced its recent acquisition of Kent Oil & Propane, which serves propane and petroleum light oils customers in and around Nashville, Michigan.
Kent Oil & Propane was a third generation business launched in 1936 by Walter and Mildred Kent as a gasoline and distillate agent for Standard Oil. The business was taken over in the late 1960’s by their son Jerry and his wife, Anne. In 1981, their son John joined the company followed by their son-law, Jeff Hynes, in 1988. In 1992 the company expanded into propane. Mr. Hynes has led Kent Oil & Propane since 1995 with assistance from his partner John Kent. Following Mr. Kent’s untimely death in 2010, Mr. Hynes has been sole owner.
The operation serves more than 3,500 propane and petroleum light oils customers in four central Michigan counties. Kent Oil & Propane also owns a Pacific Pride operation that sells both diesel and gasoline through on onsite cardlock system. Known for its exceptional service to customers, Kent Oil & Propane has deep roots in the local community.
According to Jeff Hynes, “As I looked ahead to my retirement, I wanted to be sure the new company would take great care of both my long-time customers and my valued employees. I chose EDP because they are known throughout the industry for providing exceptional service to customers, for treating employees right, and for remaining active supporters of the local community. I couldn’t be more pleased with EDP’s plans to support and grow this business.”
“We are excited to have the Kent Oil & Propane team join EDP,” said Tom Knauff, Energy Distribution Partner’s CEO. “Kent Oil & Propane has an outstanding reputation across central Michigan and we are committed to ensuring that stellar reputation continues. We look forward to welcoming their employees to EDP and to continuing to provide exceptional service to customers across their service area.”
About Energy Distribution Partners
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. The company provides safe, reliable propane service to residential and commercial customers in California, Washington, Minnesota, Wisconsin, Michigan, Ohio, West Virginia, South Carolina, Pennsylvania and New York. Energy Distribution Partners pursues a long-term strategy of purchasing successful operations in propane and other fuels and in the midstream energy sector, retaining the brand name, preserving local management and delegating to leaders in local communities.
This is EDP’s 25th transaction. The company is actively seeking partners for growth. For more information, please visit www.edplp.net.
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