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Ferrellgas Partners, L.P. Acquires Ram Propane, LLC

Source: www.gulfoilandgas.com 3/8/2011, Location: North America

Ferrellgas Partners, L.P., announced the acquisition of Ram Propane, an independent propane retailer based in Dubois, Wyoming, that services residential and industrial accounts in several Western Wyoming markets, including Jackson Hole and the Grand Teton and Yellowstone National Parks. The acquisition marks the partnership's fourth acquisition since the start of its fiscal year, which began August 1, 2010. Terms of the deal were not disclosed.

"Ram Propane has made a significant impact in Western Wyoming's propane market in a relatively short time," President and Chief Executive Officer Steve Wambold says. "The acquisition provides us the opportunity to service an attractive new market area adjacent to existing Ferrellgas operations. We look forward to building upon the positive momentum the Ram business has already generated."

This most recent purchase adds to the approximately 225 acquisitions the company has completed in its more than 70-year history. During that time, Ferrellgas has grown from a single-location, independently owned propane retailer to a publicly traded company that is one of the largest propane retailers in the United States.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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