Wednesday, December 30, 2015
Suburban Propane Partners LP (Whippany, N.J.) has acquired Propane USA, a propane marketer with headquarters in Margate Fla., and its affiliate companies for a reported $45 million. The purchase was funded entirely from cash on hand. Propane USA will add about 7600 residential and commercial customers to Suburban Propane and about 4.7 MMgal. of retail propane sales to the partnership’s Florida operations.