EDP Acquires Harbor Point Energy Products
Energy Distribution Partners announced the acquisition of Harbor Point Energy Products headquartered in Frankfort, New York. Harbor Point Energy, which was founded in 2007, provides a full range of energy products and services to nearly 6,000 customers across seven counties in East Central New York. Principal owner John DesJardins has a long history in the energy industry and will remain with the company to spearhead the transition. All Harbor Point employees will join EDP.
“We are delighted to welcome Harbor Point Energy Products and its team of experienced employees to EDP,” said Thomas Knauff, EDP’s President and CEO. “Harbor Point Energy has built an excellent reputation for providing a complete range of energy products and services to thousands of customers for the past 15 years, and the company is very respected in the communities it serves.”
John DesJardins commented, “When assessing potential buyers, we liked EDP’s business model. And after speaking with others who had sold to EDP, we knew they were the right choice. We are confident they will continue to provide safe, reliable service to our customers while also taking good care of our employees.
EDP is actively seeking to expand its national footprint and diversify through the addition of new retail propane and light fuels operations. Chicago, Illinois-based Energy Distribution Partners provides propane service to residential and commercial customers in 16 states. It pursues a long-term strategy of purchasing/partnering with 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 33rd transaction. The company is seeking partners for growth. For more information, visit www.edplp.net.
