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Platinum Equity to acquire EDP for growth

PRIVATEOct 28, 2026

Acquiring Company

Platinum Equity

Acquired Company

EDP

Beverly HillsChicagoFinancial ServicesAgriculture and Farming

Description

Platinum Equity has signed a definitive agreement to acquire EDP, a major U.S. propane distributor. Terms of the transaction were not disclosed. The deal is subject to customary closing conditions and regulatory approvals, and EDP CEO Kevin Pollack will continue to lead the company.

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Company Information

Company

Platinum Equity

Location

360 North Crescent Drive

Beverly Hills, California, United States

About

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.

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Frequently asked

Who acquired EDP?

EDP was acquired by Platinum Equity, based in Beverly Hills. The deal was reported on October 28, 2026. Platinum Equity is privately held and operates in Financial Services.

When did Platinum Equity acquire EDP?

Platinum Equity's acquisition of EDP was reported on October 28, 2026. Platinum Equity has signed a definitive agreement to acquire EDP, a major U.S. propane distributor. Terms of the transaction were not disclosed. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does EDP do?

EDP is a leading provider of propane distribution and related services to residential, commercial and agricultural customers across the United States. It serves more than 200,000 customers through more than 60 locations in 24 states. It is privately held, operating in Agriculture and Farming, and is based in Chicago.

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