DCC shares surge amid US takeover offer

Stock hits highest levels since 2022 

DCC chief executive Donal Murphy, chief operating officer Kevin Lucey, and chief financial officer Conor Murphy. DCC is reviewing a cash takeover proposal from a consortium comprising US investment firms Energy Capital Partners and KKR.

Irish energy services firm DCC said it was reviewing a cash takeover proposal from a consortium comprising US investment firms Energy Capital Partners and KKR, sending its shares as much as 16% higher on Wednesday.

Shares of DCC rose to £62.65 on the news, giving it a market value of about £5.35bn (€6.17bn). The stock hit its highest level since May 2022. DCC did not provide further details about the proposal. KKR and Energy Capital Partners did not immediately respond to Reuters request for comment.

The consortium has until June 10 to announce a firm intention to make an offer for DCC or walk away. DCC said there was no certainty a firm offer would be made.

DCC had profits of £617.5m (€712m) in 2025. 

Formerly spread across sectors including energy, technology, and healthcare, in recent years DCC has simplified its operations with an increased focus on the energy sector. In 2025, DCC completed the sale of DCC Healthcare in September 2025 and DCC Technology's Info Tech business in November 2025. 

DCC was founded in Dublin by Jim Flavin in 1976, and the company went public in 1994. 

Reuters