Delancey Street Partners is pleased to announce the following transaction:
Williams Oil Company, Inc.
Divestiture of certain assets to Energy Distribution Partners
Sector: Downstream Energy & Retail
Delancey Street Partners served as the exclusive financial advisor to Williams Oil Company, Inc.
Delancey Street Partners is pleased to announce that we served as financial advisor to Williams Oil Company, Inc. (“Williams”) in the divestiture of certain assets of Williams Oil & Propane and WOC Energy Services to Energy Distribution Partners (“EDP”).
Over a several year period, Delancey Street partnered with Williams to assess, evaluate and explore strategic alternatives. We managed a competitive sell-side M&A process, identified and contacted domestic and international buyers and negotiated the terms of the transaction.
The transaction included assets of Williams’ propane, heating oil, commercial fuel, energy field services and HVAC operations serving 14,000 residential, commercial, E&P and agricultural customers in Pennsylvania and New York. Williams, based in Towanda, PA, had successfully leveraged its infrastructure, operations, facilities and training and safety programs to become one of the leading providers of onsite fueling services to the E&P industry in the region.
Energy Distribution Partners was founded by energy industry executives who have applied their extensive experience in retail propane sales, operations and finance to become one of the leading consolidators of retail propane and midstream energy storage and transportation businesses. EDP currently operates in California, Minnesota, Ohio, Pennsylvania, New York and Wisconsin.
The transaction was completed February 3, 2015.
The principals of Delancey Street Partners have significant experience serving the Downstream Energy & Logistics industries. To learn about our experience in Downstream Energy & Logistics, please click here.
For additional information about this transaction, please contact:
B. Andrew Schmucker