Second South Carolina Propane Marketer Joins Energy Distribution Partners (EDP)

(November 9, 2018) — Energy Distribution Partners (“EDP”), based in Chicago, Illinois, has acquired Carmichael Propane of Walterboro, South Carolina from Randy and Ann Carmichael.

Carmichael Propane is a well-established and respected propane service provider started in 1969 by Randy’s father, Ray Carmichael. The business services nearly 3,000 customers in Berkley, Charleston, Colleton and Dorchester counties which are adjacent to the service territory of EDP’s recently acquired Carolina Propane operation.

According to Randy Carmichael, “I was ready to retire but wanted to ensure my employees would not only be able to keep their jobs but have the chance to work for a quality company that would provide both a generous benefits package and career opportunities. I also wanted to ensure that our customers would continue to receive the kind of personal customer service they’ve come to expect from my team over the years. I was pleasantly surprised how easy the EDP team was to work with, from due diligence to post closing integration. Just a great group of people.”

Tom Knauff, Energy Distribution Partners CEO, stated, “Randy Carmichael has run an excellent operation and Carmichael Propane has established a reputation for providing superior customer service. We are delighted to have Carmichael Propane join EDP. We welcome the Carmichael employees and look forward to continuing to provide exceptional service to customers across their service area.”

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, Pennsylvania, New York and now South Carolina. 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 19th transaction. The company is actively seeking partners for growth. For more information, please visit www.edplp.net.