M&A Deal Summary

HOP Energy Acquires Kosco Heritage Energy

On June 20, 2019, HOP Energy acquired utilities company Kosco Heritage Energy

Acquisition Highlights
  • This is HOP Energy’s 1st transaction in the Utilities sector.
  • This is HOP Energy’s 1st transaction in the United States.
  • This is HOP Energy’s 1st transaction in New York.

M&A Deal Summary
Date 2019-06-20
Target Kosco Heritage Energy
Sector Utilities
Buyer(s) HOP Energy
Deal Type Add-on Acquisition

Target

Kosco Heritage Energy

Kingston, New York, United States
Kosco Heritage Energy LLC engages in the distribution of heating oil to 21,000 residential, commercial and HVAC customers along the Hudson Valley.

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Buyer(S) 1

Buyer

HOP Energy

Rye Brook, New York, United States
Category Company
Founded 1995
Sector Energy Services and Equipment
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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