Pritzker Private Capital Explores $1 Billion Sale of Energy Distribution Partners

Pritzker Private Capital is exploring a sale of Energy Distribution Partners, a privately held distributor of propane and light fuels. The potential transaction could value the business at more than $1 billion, including debt, as the Chicago-based investment firm works with advisors to evaluate strategic alternatives.

Private equity sponsors are seeking liquidity following a period of consolidation within the energy retail sector. Since a 2020 recapitalization involving Pritzker Private Capital, Duchossois Capital Management, and Concentric Equity Partners, the distributor has grown through bolt-on acquisitions. This expansion included the purchase of Connecticut-based Hocon Gas in February.

A small group of direct lenders is currently evaluating a private-credit staple financing package to support a potential buyout. However, there is no certainty that the current process will result in a definitive transaction.