Energy Distribution Partners, a privately held propane and light fuels distributor backed by Pritzker Private Capital, is exploring a sale that could value the business at more than $1 billion including debt. The Chicago-based company is working with advisers on strategic alternatives, Bloomberg reported, as private equity sponsors seek liquidity after years of consolidation in fragmented energy retail. EDP expanded its geographic reach and customer base through bolt-on acquisitions after a 2020 recapitalization led by Pritzker Private Capital alongside Duchossois Capital Management and Concentric Equity Partners. In February, it acquired Hocon Gas, a Connecticut propane and fuel oil provider serving more than 35,000 customers across five regional locations. Discussions remain preliminary, with direct lenders considering private-credit financing for a possible buyout, although buyers could use syndicated debt markets depending on valuation and capital structure. A sale above $1 billion would provide a significant realization for the Pritzker family within its diversified private equity portfolio.