Energy Distribution Partners (EDP) has acquired Lowe’s Bottled Gas Service.
The privately-owned company on Drummond Island in Michigan’s Upper Peninsula provided propane to residential and commercial customers for over 70 years before being acquired by EDP.
“Lowe’s is our fourth acquisition in Michigan in the past 18 months, expanding our presence in the state,” Tom Knuaff, EDP CEO, says. “We are pleased that Jack and Sherry Lowe chose EDP to allow them to transition into retirement, knowing we will take exceptional care of their customers. We are delighted to have Lowe’s join our growing EDP family of companies.”
Overall, this is the company’s 14th transaction.
Orval Lowe founded Lowe’s Bottled Gas Service in 1946. Orval’s son, Jack, and Jack’s wife, Sherry, have operated the business for the past 44 years.
“We wanted to retire knowing that our customers will be well taken care of, so we chose EDP,” Jack Lowe says. “We know that safety is EDP’s priority and that the company prides itself on customer service, so our customers will be in good hands.”