Ferrellgas Acquires Valley Center Propane

Written on: March 16, 2017 by ICM

GlobeNewswire–

OVERLAND PARK, Kan., March 15, 2017 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (FGP) announced the acquisition of Valley Center Propane, an independent propane retailer based in Valley Center, California. The transaction is expected to be immediately accretive and is further evidence of the partnership’s longstanding commitment to growing its core propane business through strategic acquisitions. Terms of the transaction were not disclosed.

“California has long been successful market for Ferrellgas,” said Interim Chief Executive Officer and President Jim Ferrell. “Our purchase of Valley Center Propane further solidifies our presence in the state and helps us improve upon the service we offer to homes and businesses in north San Diego County. We are thrilled to welcome this well-respected business, its employees, and customers 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.

Article courtesy GlobeNewswire