Monday, July 29, 2019
(July 29, 2019) — Energy Distribution Partners (“EDP”), based in Chicago, Illinois, has announced the acquisition of Fallbrook Propane Gas Company with operations in and around Fallbrook, California; making EDP one of California’s largest propane service providers. Fallbrook Propane was founded as North County Welding Supply, Inc. in 1986 by Merrill and Deborah Everett.
The business soon expanded to include propane, and the Everett’s children joined Fallbrook Propane after college, contributing to the company’s significant success. As a result, Fallbrook Propane has grown to become a well respected propane supplier that serves more than 8,000 customers. Although the customer base is primarily residential, Fallbrook Propane also serves multiple casinos as well as other commercial businesses and agricultural operations. The operating territory includes all of San Diego County and the southeastern portion of Riverside County.
According to Chris Everett and Meredith Everett-Gordon, who have been co-managing Fallbrook Propane for the past few years, “We have enjoyed the opportunity to help our parents build Fallbrook Propane into a successful family business. Given Energy Distribution Partners’ reputation as a quality operator, we have chosen EDP to help us transition the business into a new era of growth and expansion. We look forward to working together with the EDP team to carry on Fallbrook Propane’s legacy of taking good care of our employees, providing exceptional service to our customers and staying involved with the local community.”
According to EDP CEO Tom Knauff, “The Everett family has run a very successful propane business and built an outstanding reputation in the communities they have served for over 30 years. We are extremely pleased to help the family transition to a new chapter in their lives and we look forward to working with Chris, Meredith and all of the fine employees at Fallbrook Propane to carry on the company’s legacy.”
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 24th transaction. The company is actively seeking partners for growth. For more information, please visit www.edplp.net.
The business soon expanded to include propane, and the Everett’s children joined Fallbrook Propane after college, contributing to the company’s significant success. As a result, Fallbrook Propane has grown to become a well respected propane supplier that serves more than 8,000 customers. Although the customer base is primarily residential, Fallbrook Propane also serves multiple casinos as well as other commercial businesses and agricultural operations. The operating territory includes all of San Diego County and the southeastern portion of Riverside County.
According to Chris Everett and Meredith Everett-Gordon, who have been co-managing Fallbrook Propane for the past few years, “We have enjoyed the opportunity to help our parents build Fallbrook Propane into a successful family business. Given Energy Distribution Partners’ reputation as a quality operator, we have chosen EDP to help us transition the business into a new era of growth and expansion. We look forward to working together with the EDP team to carry on Fallbrook Propane’s legacy of taking good care of our employees, providing exceptional service to our customers and staying involved with the local community.”
According to EDP CEO Tom Knauff, “The Everett family has run a very successful propane business and built an outstanding reputation in the communities they have served for over 30 years. We are extremely pleased to help the family transition to a new chapter in their lives and we look forward to working with Chris, Meredith and all of the fine employees at Fallbrook Propane to carry on the company’s legacy.”
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 24th transaction. The company is actively seeking partners for growth. For more information, please visit www.edplp.net.
