Founded over 50 years ago and based in Kingston, NY, KHE primarily engages in the distribution of heating oil to 21,000 residential, commercial and HVAC customers along the Hudson Valley.

The combined company will continue to serve its customers with expanded product offerings and service capabilities.

Michael Anton, CEO of HOP, said: “HOP is tremendously excited about this acquisition. KHE will be an excellent platform for future growth with other marketers in the area.”

HOP is currently a portfolio company of Delos Capital (“Delos”) and Shorevest Capital (“Shorevest”).

Source: Company Press Release.