Kirkland & Ellis LLP has advised EDP, a US-based propane distribution services provider, on its proposed acquisition by Platinum Equity from investment firm PPC, under a definitive agreement announced on Wednesday.Solomon Partners acted as EDP’s exclusive financial adviser. Financial terms of the transaction were not disclosed.Founded in 2012, EDP serves more than 200,000 residential, commercial, industrial and agricultural customers across 24 US states. The company has expanded through 45 strategic acquisitions while retaining the local brands and leadership teams of acquired businesses. PPC invested in EDP in 2020 alongside its founders, family-office investors and management. Since then, EDP has more than tripled its earnings before interest, taxes, depreciation and amortisation through organic growth and acquisitions, according to the announcement.The transaction is expected to close in November 2026, subject to customary closing conditions.
