The central California acquisition brings in more than 2,500 customers and approximately four million gallons annually, and positions the partnership in an attractive market for further growth.
Ferrellgas has also acquired a mature community propane system in Austin, Texas, enhancing an existing customer base and further strengthening prospects for regional growth.
Steve Wambold, president and COO of Ferrellgas Partners, said: Ferrellgas has a long history of growth through acquisition and these transactions reflect our commitment to continue that pattern, complementing our focus on organic growth. We remain committed to acquiring operations in high-growth markets that will be accretive to earnings and believe that our renewed efforts in this area position us for further opportunities going forward.
