HOP Energy

HOP Energy, LLC operates as a significant distributor of heating oil, propane, and other petroleum products, serving residential, commercial, and industrial customers across the Northeastern and Mid-Atlantic United States. The company was established in 1995, originally as Heating Oil Partners LP, and is headquartered in Rye Brook, New York. A pivotal moment in its history occurred in 2006 when the company emerged from Chapter 11 bankruptcy, rebranding as HOP Energy, LLC, with a substantial capital infusion and new ownership led by a group of private investors. This event set the stage for a period of strategic growth, largely driven by acquisitions.

The company's business model is centered on being a full-service energy provider. Revenue is generated through the sale and distribution of fuels like heating oil and propane, alongside comprehensive installation, maintenance, and repair services for a wide range of HVAC equipment. This includes furnaces, boilers, air conditioning units, generators, and mini-split heat pumps. HOP Energy serves approximately 90,000 to 100,000 customers across eight states, including Connecticut, Delaware, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. The business operates through a network of local branches, many of which were acquired over time, such as Kaufman Fuel, Dominick Fuel, and KoscoHeritage Energy. This strategy of acquiring smaller, local dealers has been a cornerstone of its expansion, allowing it to build a significant regional presence. The company is privately held and backed by private equity firms, including Delos Capital and ShoreVest Capital, which acquired the firm in 2018.

Under the leadership of CEO Michael Anton, HOP Energy has pursued a consistent growth-through-acquisition strategy. The company's operational infrastructure includes 12 bulk storage plants with around 8.4 million gallons of capacity, which supports its distribution network. It offers various pricing and payment plans to its customers, such as automatic delivery, budget plans, and price protection programs, aiming to provide stable and predictable energy costs. In addition to its core fuel delivery, the firm has expanded its service offerings to include modern home comfort solutions like smart thermostats and air quality improvement systems, positioning itself as a comprehensive home services provider.

Keywords: heating oil distributor, propane services, HVAC installation, energy services, petroleum products, home heating, full-service energy provider, residential energy, commercial fuel, Delos Capital, Michael Anton, Northeast US energy, Mid-Atlantic energy, energy acquisitions, home comfort solutions, fuel delivery, furnace repair, boiler maintenance, air conditioning services, backup generators