Ferrellgas Announces Acquisition of Service Plus Propane
September 05 2017 - 7:00AM
Ferrellgas Partners, L.P. (NYSE:FGP) today announced the
acquisition of Service Plus Propane, Inc., an independent propane
retailer based in South Hill, Virginia. The transition is expected
to be immediately accretive and allows the partnership to
strategically grow its footprint in the eastern region of the
country. Terms of the transaction were not disclosed.
Founded in 2005, Service Plus is a local provider that offers
agricultural, residential, industrial, and commercial propane
services to customers in Mecklenburg and surrounding counties in
southern Virginia.
“Service Plus is a well-run business focused on local service
and support,” said Ferrellgas President and Interim Chief Executive
Officer Jim Ferrell. “As we welcome new and existing customers to
the Ferrellgas family, emphasis on personal relationships and
exceptional service will remain a priority. We plan to continue
doing business as neighbors and are committed to growing to meet
the needs of our customers.”
In more than 75 years as a propane provider, Ferrellgas has made
nearly 240 acquisitions in an effort to expand strategically and
better serve its customers nationwide.
About Ferrellgas
Ferrellgas Partners, L.P., through its operating
partnership, Ferrellgas, L.P., and subsidiaries, serves
propane customers in all 50 states, the District
of Columbia, and Puerto Rico, and provides midstream
services to major energy companies in the United
States. Ferrellgas employees indirectly own 22.8 million
common units of the partnership, through an employee stock
ownership plan. Ferrellgas Partners, L.P. filed a Form
10-K with the Securities and Exchange
Commission on September 28, 2016. Investors can request a
hard copy of this filing free of charge and obtain more information
about the partnership online at www.ferrellgas.com.
Contacts
Jack Herrold, Investor Relations – jackherrold@ferrellgas.com, 913-661-1851
Jim Saladin, Media Relations – jimsaladin@ferrellgas.com, 913-661-1833
Ferrellgas Partners (NYSE:FGP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ferrellgas Partners (NYSE:FGP)
Historical Stock Chart
From Apr 2023 to Apr 2024