Ferrellgas Acquires California’s Valley Center Propane

Ferrellgas Partners LP (Overland Park, Kan.) announced March 15, 2017, the acquisition of Valley Center Propane, an independent propane retailer with operations in Valley Center, Calif. in north San Diego County. Details of the transaction, which is expected to be immediately accretive, were not disclosed.

Ferrellgas said the transaction is further evidence of the company’s longstanding commitment to growing its core propane business through strategic acquisitions.

“California has long been a successful market for Ferrellgas,” said interim CEO 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 over 235 acquisitions, moves that have helped the company grow from a single-location, independently owned propane retailer to a publicly traded enterprise that is one of the largest propane retailers in the U.S.