Friday, December 14, 2018
LIBERTY, Mo. (Dec. 14, 2018) — Ferrellgas Partners, L.P. (“Ferrellgas”) has announced the acquisition of Co-Op Butane, Inc., an independent propane retailer based in Bush, Louisiana. The transaction is expected to be immediately accretive and is further evidence of the partnership’s long-standing commitment to growing its core propane business. Terms of the transaction were not disclosed.
Founded in 1987 by Keith Fitzmorris and Reubin Miley, Co-Op Butane has grown over the past 30 years to become one of the leading small businesses in St. Tammany and Washington parishes in eastern Louisiana.
“Co-Op Butane has long been a company known for its commitment to providing exceptional propane service,” said James E. Ferrell, Interim Chief Executive Officer and President. “We look forward to welcoming their employees and customers into the Ferrellgas family.”
In its nearly 80 years in business, Ferrellgas has acquired approximately 300 independent retail companies – moves that have helped the company 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.
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. 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 27, 2018. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.
Founded in 1987 by Keith Fitzmorris and Reubin Miley, Co-Op Butane has grown over the past 30 years to become one of the leading small businesses in St. Tammany and Washington parishes in eastern Louisiana.
“Co-Op Butane has long been a company known for its commitment to providing exceptional propane service,” said James E. Ferrell, Interim Chief Executive Officer and President. “We look forward to welcoming their employees and customers into the Ferrellgas family.”
In its nearly 80 years in business, Ferrellgas has acquired approximately 300 independent retail companies – moves that have helped the company 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.
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. 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 27, 2018. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.
