EDP strengthens presence in Cincinnati market

EDP purchased Queen City Propane, which has served the Cincinnati area for nearly 20 years.

Based in Amelia, Ohio, Queen City Propane provides propane service and equipment to residential, commercial and industrial customers. Queen City was founded in 2005 by Mike Peterman and has been a family-owned business since its inception.

Chicago-based EDP says the acquisition, the company’s 39th overall since its inception in 2012, strengthens its presence in the Cincinnati area.

“We are extremely pleased that Mike and Linda Peterman chose EDP when they decided to retire,” says Thomas Knauff, EDP’s president and CEO. “We look forward to all their employees joining our EDP family. Queen City Propane has earned a reputation for providing exceptional customer service, and we are confident that level of commitment will continue in the coming years.”

According to Mike Peterman, “We had heard good things about EDP in recent years, so when it came time for us to retire, we wanted a company that would take good care of both our employees and our customers. We are confident we made the right choice with EDP.”

EDP says it is actively seeking to expand its national footprint and diversify through the addition of new retail propane and light fuels operations.

Blue Peak Resources, a consulting firm specializing in propane and fuel oil mergers and acquisitions, represented Queen City Propane.

“Mike and Linda are special people; they take great pride in everything they do,” says John Armentano, partner at Blue Peak Resources. “We were honored to represent them and help them make their dream of selling their company to do other things a reality.”

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