Energy Distribution Partners acquires Liberty Propane

April 20, 2022 By    

Editor’s note: This article has been updated with new information.

Energy Distribution Partners (EDP) acquired Liberty Propane and Meadows Petroleum of Ottsville, Pennsylvania, and Georgetown, Delaware.

Liberty Propane and Meadows Petroleum provide propane, fuel oil and HVAC service to customers across Pennsylvania, New Jersey, Delaware, Maryland and Virginia.

Kevin Meadows and Matt McGuigan founded Liberty Propane in 2002; Meadows also founded Meadows Petroleum in 1991. The two joined forces in the early 2000s to focus on developing relationships with national and local residential, commercial and industrial builders. Both are longtime, active members of the propane and fuel oil industries, says EDP in a press release.

“We are very pleased to welcome Liberty Propane and Meadows Petroleum into the EDP family,” says Thomas Knauff, president and CEO of EDP. “Their employees are recognized for taking excellent care of their customers while having deep roots in their local communities.”

Knauff says all employees, including Meadows, McGuigan and their management team, will join EDP, which provides propane service to residential, commercial, industrial and agricultural customers from New York to California. EDP services more than 180,000 customers in 15 states.

“Matt and I are confident EDP is the right propane retailer to take good care of our employees while providing safe, reliable service to our customers,” says Meadows. “There’s no question we’ve made the right choice.”

EDP says it is actively seeking to expand its national footprint and diversify through the addition of new retail propane and midstream operations. The acquisition of Liberty Propane and Meadows Petroleum is EDP’s 31st transaction.

Cetane Associates served as the sole arranger and financial adviser to Liberty Propane and Meadows Petroleum. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in the negotiation of final deal terms and coordination of the due diligence process. Doug Woosnam, Joshua Wolf, Fred Lord and Barrett Conway managed the transaction.

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