OVERLAND PARK, Kan.,
Nov. 25, 2013 /PRNewswire/
-- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's
largest distributors of propane, announced today the acquisition of
KanGas Corporation, an independent propane company based in
Basehor, Kansas.
It is Ferrellgas' first acquisition in its fiscal year that
began August 1, 2013. Specific terms
of the transaction, which the company indicates will be immediately
accretive, were not disclosed.
"Like KanGas, Ferrellgas is a company with roots in the
Sunflower State," says President and Chief Executive Officer
Steve Wambold. "They've been a
tremendous competitor for more than 30 of our nearly 75 years in
business. KanGas has a strong reputation for service and safety,
and we're pleased to welcome their employees and customers to the
Ferrellgas family."
Ferrellgas Partners, L.P., through its operating partnership,
Ferrellgas, L.P., serves customers in all 50 states, the
District of Columbia and
Puerto Rico. Ferrellgas employees
indirectly own more than 21 million common units of the partnership
through an employee stock ownership plan. More information about
the partnership can be found online at www.ferrellgas.com.
Contact:
Tom Colvin,
Investor Relations, (913) 661-1530
Scott Brockelmeyer, Media Relations,
(913) 661-1830
SOURCE Ferrellgas Partners, L.P.