Ferrellgas Announces Acquisition of Gasco Energy Company
December 18 2015 - 12:00PM
Ferrellgas Partners, L.P. (NYSE:FGP) today announced the
acquisition of Gasco Energy Supply LLC, an independent propane
retailer based in Eldon, Missouri, that services residential,
industrial/commercial, and agricultural accounts throughout the
Ozark region. The transaction is expected to be immediately
accretive and demonstrates the partnership's ongoing commitment to
growing its core propane business through acquisitions that fit its
operating model.
"Like Ferrellgas, Gasco has a long history of providing
excellent service to its customers, no matter what segment of the
business they may fall into," said Ferrellgas’ President and Chief
Executive Officer Steve Wambold. "We look forward to building on
their proud tradition and to welcoming Gasco’s employees into the
Ferrellgas family."
During its more than 75-year history, Ferrellgas has completed
more than 235 acquisitions – moves that have helped it grow 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. In 2014, the company also began aggressively
pursuing a diversification strategy that has seen it begin to
acquire assets in the crude oil midstream, as well – most notably
last June’s $837.5 million dollar acquisition of Bridger
Logistics.
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 29, 2015. 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
Jim Saladin, Media Relations – jimsaladin@ferrellgas.com or (913) 661-1833
Scott Brockelmeyer, Media Relations – scottbrockelmeyer@ferrellgas.com or (913) 661-1830
Jack Herrold, Investor Relations – jackherrold@ferrellgas.com or (913) 661-1851
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