Energy Distribution Partners Acquires Liberty Propane
Energy Distribution Partners, Chicago, Ill., acquired the multi-state, full-service energy businesses Liberty LP Gas and Liberty Community Gas, (together doing business as Liberty Propane), and the full-service heating oil business Meadows Petroleum Products, (Meadows Petroleum), Cetane Associates announced. The operation hubs of the acquired businesses are in Ottsville, Pa., Downingtown, Pa., and Georgetown, Del.
Liberty Propane, founded in 2002 by partners Kevin Meadows and Matt McGuigan, is a full-service energy provider that sells and delivers propane and other related products and services to a mix of residential, commercial, metered systems, and fill station accounts throughout southeastern Pennsylvania, Delaware, Maryland, and New Jersey.
Meadows Petroleum, founded in 1991 by Kevin Meadows, operates out of the Ottsville, Pa. facility. Meadows Petroleum Is a traditional full-service heating oil business serving customers in Pennsylvania.
Energy Distribution Partners (EDP) is a propane distribution company specializing in retail and commercial propane sales, operations, and finance. It provides propane service to residential, commercial, industrial, and agricultural customers from New York to California. EDP serves more than 180,000 customers in 15 states in rural and metropolitan areas.
Liberty Propane co-owners Kevin Meadows and Matt McGuigan joined forces in the early 2000s to focus on developing relationships with national and local residential, commercial, and industrial builders.
David Stroupe, Executive Vice President of Corporate Development at EDP, commented that “Liberty Propane presented us with an opportunity to expand our mid-Atlantic footprint in a significant way. The acquisition provides EDP a well-developed set of brands and an asset base managed by an extremely capable operating team.” Cetane Associates (www.cetane.net) served as the arranger and financial advisor to Liberty Propane and Meadows Petroleum. The transaction closed on April 13, 2022.