M&A Deal Summary

Delos Capital Acquires HOP Energy

On July 31, 2018, private equity firm Delos Capital acquired energy services and equipment company HOP Energy from Energtek

Acquisition Highlights
  • This is Delos Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Delos Capital’s 6th transaction in the United States.
  • This is Delos Capital’s 1st transaction in New York.

M&A Deal Summary

Date 2018-07-31
Target HOP Energy
Sector Energy Services and Equipment
Buyer(s) Delos Capital
Sellers(s) Energtek
Deal Type Divestiture

Target

HOP Energy

Rye Brook, New York, United States
HOP Energy is a provider of heating oil, propane, and other petroleum products and related services to homeowners and small businesses in the Mid-Atlantic and Northeast regions of the United States. HOP Energy LLC serves a diverse customer base of residential, commercial and light industrial customers, and has a network of 12 strategically located bulk plants providing the Company with roughly 8.4 million gallons of storage capacity. HOP Energy LLC also provides comprehensive HVAC installation and related services. HOP Energy was founded in 1995 and is based in Rye Brook, New York.

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Buyer(S) 1

DESCRIPTION

Delos Capital LLC is a private equity firm that partners with strong management teams and strategic owners to invest in lower middle market companies. Delos Capital LLC was founded in 2013 and is based in New York, New York.


DEAL STATS #
Overall 7 of 12
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 6 of 11
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 US Fitness Products

Raleigh, North Carolina, United States

US Fitness Products is an operator of high amenity, high-value health and fitness clubs across the Mid-Atlantic and Southeast United States. US Fitness operates primarily under the Onelife Fitness brand – large format fitness clubs designed to offer unparalleled value to their members, providing access to over 50,000 square feet of the latest fitness equipment, cutting edge group and personal training programs, full-length pools, basketball courts, and spa facilities. US Fitness Products was founded in 1991 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Edgard Construction Materials

New Orleans, Louisiana, United States

Edgard Construction Materials operates as a building materials site, providing clay approved by the U.S. Army Corps of Engineers (“USACE”) as contractor furnished material, in addition to other fill soils. Edgard Construction Materials was founded in 2018 and is based in New Orleans, Louisiana.

Buy -

Seller(S) 1

SELLER

Energtek

New York, New York, United States

Category Company
Sector Energy Services and Equipment
Revenue 7M USD (2015)
DESCRIPTION

Energtek develops and applies innovative mobile energy transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles. Energtek offers cost-effective natural gas delivery solutions based on unique pipe-less technologies and products. Energtek is headquartered in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 HOP Energy

Rye Brook, New York, United States

HOP Energy is a provider of heating oil, propane, and other petroleum products and related services to homeowners and small businesses in the Mid-Atlantic and Northeast regions of the United States. HOP Energy LLC serves a diverse customer base of residential, commercial and light industrial customers, and has a network of 12 strategically located bulk plants providing the Company with roughly 8.4 million gallons of storage capacity. HOP Energy LLC also provides comprehensive HVAC installation and related services. HOP Energy was founded in 1995 and is based in Rye Brook, New York.

Buy $65M