Two US private equity firms are evaluating a higher offer for Irish energy distributor DCC, a move with implications for industrial energy procurement and construction supply chains transitioning toward lower-carbon fuels.

Reuters reported that Bloomberg News, citing people familiar with the matter, stated that KKR and Energy Capital Partners are weighing an increased offer for DCC.

DCC previously rejected a £4.95bn ($6.63bn) takeover proposal from the consortium in late April, arguing it undervalued the company.

The consortium is assessing how much to raise its previous bid of £58 per share, with a firm offer deadline of 10 June to proceed or withdraw.

DCC has been divesting non-core healthcare and technology businesses to sharpen its focus on energy operations, including distribution of liquefied gas, biofuels and renewable energy.

The outcome of the potential transaction is closely watched across energy-intensive sectors, where fuel distribution and renewable energy access influence construction project logistics and operational costs.

Energy distribution groups across Europe are increasingly attracting private equity interest as demand for lower-carbon fuels and infrastructure modernisation accelerates.

DCC operates across liquefied petroleum gas, biofuels and renewable energy distribution to business and residential customers across multiple markets.

Any revised offer would remain subject to customary regulatory approvals and shareholder acceptance processes.

The consortium has until 10 June to decide whether to proceed with a firm offer or withdraw from discussions.

Infrastructure investors continue to target energy distribution platforms that provide exposure to electrification, renewable fuels and decarbonising logistics networks.

Market participants are monitoring the transaction as consolidation activity increases across European energy and utilities-linked distribution assets.

DCC remains one of Ireland’s largest energy distribution businesses with operations spanning multiple downstream fuel categories.

Follow the full story on the potential revised bid for DCC.