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Ferrellgas Partners Growing Assets

Ferrellgas Partners, one of America’s largest propane distributors, recently purchased assets in central California and southern Texas, signalling its intention to once again grow its business by aggressively pursuing and acquiring well-run propane companies.

The central California acquisition brings more than 2,500 customers and approximately four million gallons annually and positions the partnership in an attractive market for further growth.

Ferrellgas has also acquired a mature community propane system in Austin, Texas, enhancing an existing customer base and further strengthening prospects for regional growth.

Steve Wambold Ferrellgas’ president and chief operating officer, said: “Ferrellgas has a long history of growth through acquisition and these transactions reflect our commitment to continue that pattern, complementing our focus on organic growth. We remain committed to acquiring operations in high growth markets that will be accretive to earnings and believe that our renewed efforts in this area position us for further opportunities going forward.”

Ferrellgas Partners is a Fortune 1000 company and, through its operating partnership serves approximately one million customers in all 50 US states, the District of Columbia and Puerto Rico.

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