Pritzker Private Capital is weighing a sale of propane and light fuels distributor Energy Distribution Partners (EDP) that could value the business at more than $1 billion including debt, Bloomberg reported Oct. 1.

Citing people familiar with the matter, Bloomberg reported that discussions remain ongoing and no final decision has been made.

A small group of lenders is considering a private-credit financing package to support a potential acquisition, although prospective buyers could seek financing through the syndicated debt market, according to the report.

A Pritzker Private Capital representative declined to comment to Bloomberg. An EDP representative did not respond to the publication’s request for comment.

The potential sale comes six years after Pritzker Private Capital invested in EDP through a 2020 recapitalization alongside Duchossois Capital Management and existing investor Concentric Equity Partners.

Since that investment, EDP has expanded through acquisitions of propane and heating oil businesses. Its recent additions include Connecticut-based Hocon Gas, acquired in February. Hocon provides propane, fuel oil and related services to more than 35,000 customers across five regional locations, expanding EDP’s presence in the Northeast.

Pritzker Private Capital is a Chicago-based investment firm backed by the Pritzker family, whose business interests include the Hyatt hotel empire.