Market Overview

Delos Capital Acquires HOP Energy, LLC


Delos Capital ("Delos"), a private equity firm based in New York,
announced the acquisition of HOP Energy, LLC ("HOP" or the "Company"),
based in White Plains, New York.

HOP is the largest privately-owned specialty distributor of heating oil,
propane and other petroleum products and related services to homeowners
and small businesses in the Mid-Atlantic and Northeast regions of the
United States. The Company serves a diverse customer base of
residential, commercial and light industrial customers, and has a
network of 12 strategically located bulk plants providing the Company
with roughly 8.4 million gallons of storage capacity. The Company also
provides comprehensive HVAC installation and related services.

Delos partnered with ShoreVest Capital ("ShoreVest"), an operationally
focused investment firm, comprised of operators who have worked closely
in this industry for over a decade.

"We are excited to partner with such an exceptional management team and
ShoreVest to continue growing the platform, both organically and through
acquisitions", said Will DeBruyn, Partner at Delos Capital.

Steve Zambito, a former Chairman of the Board of HOP and founding
co-partner of ShoreVest added, "I am looking forward to continuing my
involvement with HOP. I am confident that with Delos Capital as our
partner the Company is now poised to further expand the existing

Michael Anton, HOP's Chief Executive Officer since 2004, stated, "HOP's
management team and I are very excited about the opportunity to partner
with both Delos and ShoreVest, enabling us to continue to achieve
significant growth through strategic acquisitions."

About Delos Capital

Delos Capital, founded in 2013, is a lower middle market private equity
firm specializing in management buyouts, recapitalizations, and growth

About ShoreVest Capital

ShoreVest Capital is an operationally focused investment firm that
actively partners with management teams to help companies succeed
through operational improvements and acquisitions.

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