Wednesday, May 2, 2018
(May 2, 2018) Energy Distribution Partners (“EDP”), based in Chicago, Illinois, has acquired a privately-owned propane marketer that operates in four counties in the greater Seattle area under the names Kitsap Propane and Jefferson Propane. The companies, owned by Larry Brooke and his wife Leah Henry, provide propane and propane equipment to residential and commercial customers in Kitsap, Jefferson, Mason and Clallam Counties. The primary service area is in Kitsap and Jefferson Counties, west of the Puget Sound. 
The Brookes launched Kitsap Propane in 2006 and significantly expanded the business since then, adding Jefferson Propane in recent years. The combined operations serve more than 4,500 customers today. “Leah and I are extremely pleased to transition our company to the team at EDP,” said Larry Brooke. “They are trustworthy and have been straight shooters. We decided to partner with EDP because we knew they would continue to treat our customers, employees, and the communities in which we operate with care and respect. As we begin a new chapter of our lives, we do so with the full confidence that EDP will continue to provide exceptional service to our customers.”
Tom Knauff, Energy Distribution Partners CEO, stated, “We are delighted to welcome Kitsap Propane and Jefferson Propane to the EDP family of companies, and we are thrilled to be expanding our footprint into the Pacific Northwest. Larry Brooke and his wife, Leah Henry, have built a solid business, and we look forward to expanding on the foundation they have built. We also look forward to expansion opportunities for the mobile application they pioneered called Propane EZ, which will bring fresh capabilities to propane customers throughout our service areas across the country.”
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, New York and now in the state of Washington. 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 15th transaction. The company is actively seeking partners for growth. 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.
The Brookes launched Kitsap Propane in 2006 and significantly expanded the business since then, adding Jefferson Propane in recent years. The combined operations serve more than 4,500 customers today. “Leah and I are extremely pleased to transition our company to the team at EDP,” said Larry Brooke. “They are trustworthy and have been straight shooters. We decided to partner with EDP because we knew they would continue to treat our customers, employees, and the communities in which we operate with care and respect. As we begin a new chapter of our lives, we do so with the full confidence that EDP will continue to provide exceptional service to our customers.”
Tom Knauff, Energy Distribution Partners CEO, stated, “We are delighted to welcome Kitsap Propane and Jefferson Propane to the EDP family of companies, and we are thrilled to be expanding our footprint into the Pacific Northwest. Larry Brooke and his wife, Leah Henry, have built a solid business, and we look forward to expanding on the foundation they have built. We also look forward to expansion opportunities for the mobile application they pioneered called Propane EZ, which will bring fresh capabilities to propane customers throughout our service areas across the country.”
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, New York and now in the state of Washington. 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 15th transaction. The company is actively seeking partners for growth. 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.
