Illinois-based Energy Distribution Partners recently purchased local oil and gas company Dassel’s Petroleum.
In a phone interview with the Free Lance, General Manager Jason Foster said Energy Distribution Partners acquired Dassel’s on Nov. 1. He couldn’t speak to the amount.
Dassel’s has been family-owned since it first opened in 1939. The company sells propane, gasoline, diesel, oil and lubricants to to commercial and agricultural industries, as well as individuals. It operates two locations: one in Hollister and another in Hanford.
Owners Jim Dassel and Graham Mackie elected to retire and chose to transition the business to Energy Distribution Partners, a spokesperson for Energy Distribution Partners confirmed in an email to the Free Lance. Both their sons remain active in the business. There will be no change in the company’s service or name. Customers will continue to be served by the same employees who have been helping businesses and homeowners in the Central Coast region for years, the spokesperson said.
Energy Distribution Partners is based out of Chicago, IL. The company is a privately-held retail propane and light fuels marketer. They operate in New York, Pennsylvania, Ohio, Michigan, Minnesota, Wisconsin and California. Operations in California include Expo Propane in Los Angeles and now Dassel’s Petroleum in Hollister and Hanford. Their first midstream energy storage asset, the Salinas Rail Terminal, was acquired this year.
A Nov. 3 press release from Energy Distribution Partners regarding the acquisition states that the company “pursues a long-term strategy of acquiring successful operations in propane and other fuels and in the midstream energy sector, retaining the brand name, preserving local management and delegating to leaders in local communities.”