Ferrellgas Announces Acquisition of Bennett Gas Company

OVERLAND PARK, Kan., Jan. 3, 2011 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP) today announced the acquisition of Bennett Gas Company, an independent propane retailer based in Augusta, Georgia, that services residential and industrial accounts in Georgia and South Carolina. The acquisition marks the partnership's third acquisition since the start of its fiscal year, which began August 1, 2010. Terms of the deal were not disclosed.

"Like Ferrellgas, Bennett Gas Company has a long, proud history of servicing the propane needs of customers in eastern Georgia and western South Carolina," President and Chief Executive Officer Steve Wambold says. "We look forward to building on their proud tradition and to welcoming Bennett's employees into the Ferrellgas family."

This most recent purchase adds to the approximately 225 acquisitions the company has completed in its more than 70-year history. During that time, Ferrellgas has grown from a single-location, independently owned propane retailer to a publicly traded company that is one of the largest propane retailers in the United States.

Ferrellgas Partners, L.P. is a Fortune 1000 company and, through its operating partnership, Ferrellgas, L.P., serves approximately 1 million customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own more than 20 million common units of the partnership through an employee stock ownership plan. More information about the company can be found at www.ferrellgas.com.