EDP acquires Midwest Bottle Gas

EDP, headquartered in Chicago, acquired Midwest Bottle Gas Distributors, located in Highland Heights, Kentucky. Cetane Associates served as the sole arranger and financial adviser to Midwest Gas, and the transaction closed on Jan. 28.

Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms and coordinating the due diligence process. Team members Jeff Brunner, Duncan McMurchie, Fred Lord, Dalton Brooks and Whitney Parsley managed the transaction.

About Midwest Gas

Midwest Gas, a family-owned business founded in 1945 by Robert and Ruth Greene, has been serving northern Kentucky and the Greater Cincinnati area for decades. Starting with a single customer, the company quickly grew to meet post-war demand for propane, the new alternative to wood for cooking and heating.

After Robert’s sudden passing in 1955, Ruth took over the company, overcoming industry challenges and gender barriers to lead the business to success. Under Ruth’s leadership, Midwest Gas expanded with new facilities and storage tanks. Her son, Mike, later became president, and the company remains family-operated to this day. According to the company, it continues to honor Ruth’s legacy of quality service, community commitment and fair pricing.

“Cetane brought us great choices, and EDP’s reputation made us feel comfortable with the decision we made,” Mike Rilling, co-owner of Midwest Gas, says. “EDP brings the tools and experience that will make Midwest Gas even more successful.”

About EDP

EDP is a propane distribution company with expertise in retail and commercial propane sales, operations and finance. The company delivers propane services to residential, commercial, industrial and agricultural customers across the United States. EDP serves over 200,000 customers in 24 states, spanning both rural communities and major metropolitan areas.

“We are honored to welcome Midwest Bottle Gas into our family of companies,” says Thomas E. Knauff, executive chairman at EDP and a 2025 LP Gas Hall of Fame inductee. “Midwest has built a remarkable legacy of service, integrity and community commitment. We are especially proud to retain all Midwest employees, ensuring that their deep industry knowledge and customer relationships continue to thrive. Ruth Greene’s pioneering leadership and dedication to excellence have left a lasting impact, and we are committed to upholding that legacy as we move forward together.”

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