EDP Acquires Hocon Gas
EDP announced that it acquired Hocon Gas, a Connecticut-based provider of propane, fuel oil, and related services. Hocon Gas operates from five locations within Connecticut, serving more than 35,000 customers throughout the state.
Hocon Gas was founded more than 75 years ago by Mike Gable and his wife, Lauree, beginning with a single location in Norwalk. In 1980, leadership of the company transitioned to their son, David Gable, who expanded the company with the addition of four locations. David Gable has been active in local and national industry associations for many years.
“I have known EDP’s senior leadership for many years and have consistently believed that their business model and reputation would make them the ideal steward of Hocon Gas,” David Gable said in a Feb. 23 statement. EDP is a privately held retail propane and light fuels marketer, based in Chicago.
