(October 4, 2017) — Lowe’s Bottled Gas Service, a privately owned company on Drummond Island in Michigan’s Upper Peninsula, has been purchased by Chicago, Illinois-based Energy Distribution Partners (“EDP”). Lowe’s Bottled Gas Service provides propane to
residential and commercial customers on the island.
Tom Knauff, Energy Distribution Partners CEO, stated,
“Lowe’s is our fourth acquisition in Michigan in the past
18 months, expanding our presence in the state. We are
pleased that Jack and Sherry Lowe chose EDP to allow them
to transition into retirement, knowing we will take exceptional care of their customers. We are delighted to have Lowe’s join our growing EDP family of companies.”
Orval Lowe started Lowe’s Bottled Gas Service over 70 years ago, in 1946. Orval’s son, Jack, along with Jack’s wife, Sherry, have operated the business for the past 44 years. According to Jack, “We wanted to retire knowing that our customers will be well taken care of, so we chose EDP. We know that safety is EDP’s priority and that the company prides itself on customer service, so our customers will be in good hands.”
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, Minnesota, Wisconsin, Michigan, Ohio, Pennsylvania and New York. EDP is actively seeking partners for growth. This is EDP’s 14th transaction. For more information, please visit www.edplp.net.
Forward-Looking Statements
The information presented herein may contain certain “forward-looking statements” within the meaning of the federal securities laws. The Partnership’s actual future performance will be affected by a number of factors, risks and uncertainties, including, without limitation, weather conditions, regulatory changes, competitive factors, and the operations of vendors, suppliers and customers, many of which are beyond the Partnership’s control. Future events and results may vary substantially from what the Partnership currently foresees, and there can be no assurance that the Partnership’s actual results will not differ materially from its expectations. The Partnership undertakes no obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Wednesday, October 4, 2017
