Ferrellgas Acquires Country Boys Gas
OVERLAND PARK, Kan., March 27, 2014 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest distributors of propane, announced today the acquisition of Country Boys Gas, an independent propane company based in Commerce, Ga.
It is Ferrellgas' third acquisition in its fiscal year that began August 1, 2013. The company previously announced the acquisitions of Motor Propane Service of Manitowoc and Sheboygan, Wis., on December 23, 2013, and KanGas Corporation of Basehor, Kan., on November 25, 2013. Specific terms of the transaction, which the company indicates will be immediately accretive, were not disclosed.
"We are proud today to announce the acquisition of Country Boys Gas and to welcome their employees and loyal customers to the Ferrellgas family," said President and Chief Executive Officer Steve Wambold. "Country Boys Gas has a strong reputation for service and safety and is an excellent complement to our existing operations in northeast Georgia."
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., serves customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan. More information about the partnership can be found online at www.ferrellgas.com.
SOURCE Ferrellgas Partners, L.P.