West Palm Beach, FL – October 24, 2024 – Blue Peak Resources, a merger and acquisitions consulting firm, is pleased to announce that Energy Distribution Partners (EDP), Chicago, IL, has purchased D&D Gas, Inc. of Jacksonville, FL.
Founded by Jack Curran to serve the Northeast Florida market with propane gas, D&D Gas, Inc. has provided gas services to Jacksonville residents for over 30 years. In 2002, Lewis Spradlin and Melvin Luciano purchased D&D Gas in order to expand the services that were being provided by their existing companies.
“When my business partner, Melvin, and I decided to sell the company that we had spent the last 22 years building, we interviewed several M&A firms,” said Lewis. “It became clear to us that Blue Peak Resources was the right choice. After completing the process with their team from start to finish, we were confident that we had made the absolute right choice. We’re thrilled that EDP will be the company to take our business to the next level.”
“Having the opportunity to represent Lewis and Melvin was a privilege,” said John Armentano, Partner, Blue Peak. “They ran a first-class business that put their customers and employees first. I’m excited that they can move on to the next chapter of their lives knowing they are selling to a quality company like EDP.”
Blue Peak Resources, an advisor to D&D Gas, Inc., served as the facilitator and negotiator of the sale. The team provided the financial valuations, prepared the business offering package to potential buyers, and assisted in the negotiations and final deal terms.
About Blue Peak Resources
Blue Peak Resources is a full-service consulting firm specializing in propane gas and fuel oil mergers and acquisitions. Clients engage Blue Peak Resources to sell their business or advise them on increasing the value of the business they have worked so many years to build. John Armentano and Mike Gioffre began this venture to help family-owned propane and fuel oil businesses plan for their exit, gain maximum value and continue their legacy for generations.
Blue Peak Resources
Mike Gioffre