customers . Paraco ’ s HVAC venture is a new division . For more information visit www . ParacoHVAC . com or www . paracogas . com .
� EDP ACQUIRES HIGH GRADE GAS SERVICE
Energy Distribution Partners ( EDP ) announced the acquisition of High Grade Gas Service , which is headquartered in Stafford Springs , Connecticut . This transaction marks EDP ’ s first operation in the state , further expanding the company ’ s footprint into the Northeast .
A third-generation family-run business , High Grade Gas Service was founded in 1957 and has been owned by the Aiken family its entire 65 years . The company was founded as a 100-lb . cylinder exchange provider and has evolved into a full-service propane company that provides both cylinder exchange and bulk deliveries , along with a full array of service options .
The company delivers over 3.5 million gallons annually to more than 7,600 customers across Connecticut , southern Massachusetts and eastern Rhode Island .
All High Grade employees will remain with the company including third-generation family members Chelsea Aiken and Ryan Aiken . Chelsea Aiken , who has been recognized as a Rising Leader in the propane industry , has been named General Manager .
“ High Grade Gas Service has an excellent reputation across its service area ,” said Thomas Knauff , EDP ’ s President and CEO . “ It ’ s an honor to have a high-quality , thirdgeneration business choose EDP to continue its legacy . We couldn ’ t be more pleased that Nelson Aiken and his family selected EDP when they decided to transition their company , and we ’ re delighted to have Chelsea managing the business post-closing .”
Nelson Aiken , who has led the company in recent years , commented , “ When we made our decision to sell the company , we considered other potential buyers . Ultimately , we agreed that EDP was the right choice to help our team continue to provide safe , reliable service to our customers and also take good care of our employees . We are confident we made the right choice .”
Blue Peak Resources LLC was the sell side advisor representing High Grade Gas Service .
EDP is actively seeking to expand its national footprint and diversify through the addition of new retail propane and light fuels operations .
Illinois-based Energy Distribution Partners provides propane service to residential and commercial customers in 19 states . Energy Distribution Partners pursues a long-term strategy of purchasing / partnering with successful operations in propane and other fuels and in the midstream energy sector , retaining the brand name , preserving local management and delegating to leaders in local communities . This is EDP ’ s 34th transaction . The company is actively seeking partners for growth . For more information , visit www . edplp . net . l FON
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