HOP Energy, LLC, a specialty distributor of heating oil, propane, and other petroleum products, completed the acquisition of Kosco Heritage Energy, LLC, a Kingston, NY-based company which engages in the distribution of heating oil to 21,000 residential, commercial and HVAC customers along the Hudson Valley.
The amount of the deal was not disclosed.
The combined company will continue to serve its customers with expanded product offerings and service capabilities.
Led by Michael Anton, CEO, HOP is one of the largest retail distributors of heating oil and other products in the northeastern United States. It is currently a portfolio company of Delos Capital and Shorevest Capital.
Founded in 2013, Delos Capital is a lower middle market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
Founded in 2016, Shorevest Capital is a lower middle market private equity firm with extensive investing and operating experience.