Ferrellgas Partners Acquires Virginia's Service Plus Propane

Ferrellgas Partners LP (Overland Park, Kan.) reported Sept. 5, 2017, it had acquired Service Plus Propane Inc., an independent propane retailer based in South Hill, Va. Details regarding the transaction were not released. The purchase is expected to be immediately accretive and allows Ferrellgas to strategically grow its footprint in the eastern region of the country.
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Founded in 2005, Service Plus is a local provider serving agricultural, residential, industrial, and commercial customers in Mecklenburg and surrounding counties in southern Virginia.

“Service Plus is a well-run business focused on local service and support,” said Ferrellgas president and interim CEO Jim Ferrell. “As we welcome new and existing customers to the Ferrellgas family, emphasis on personal relationships and exceptional service will remain a priority. We plan to continue doing business as neighbors and are committed to growing to meet the needs of our customers.”