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Ferrellgas Partners acquires Reliable Propane.

Ferrellgas Partners announced the acquisition of Reliable Propane, a third-party Blue Rhino distributor based in Sikeston, Missouri. The transaction is expected to be immediately accretive and is further evidence of the partnership's longstanding commitment to growing its core propane business. Terms of the transaction were not disclosed. Reliable Propane is a long-time independent distributor for Blue Rhino, delivering propane cylinders to retail partners in the Midwest and south from locations in Springfield, Missouri; Starkville, Mississippi; Olive Branch, Mississippi; and Benton, Arkansas. The acquisition is further evidence of the company's commitment to both growing its tank exchange segment and identifying ways to improve operational efficiencies and lower production and delivery expenses.

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Publication:The Fly
Geographic Code:1U4MO
Date:Mar 1, 2019
Words:110
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