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Slide #11. Star Gas Partners, L.P. — Griffith Energy Services, Inc.
Acquirer:
Star Gas Partners, L.P. (NYSE:SGU)
Acquiree:
Griffith Energy Services, Inc.
Details:
CH Energy Group, Inc. (CH Energy Group), indirect wholly owned subsidiary of Fortis Inc. (TSX:FTS.CA), announced today it has entered into a definitive agreement under which subsidiary Griffith Energy Services, Inc. (Griffith) will be acquired by Star Gas Partners, L.P. (Star Gas) (NYSE:SGU).
Star Group is a home heating oil and propane distributor and services provider. Co. sells home heating oil and propane to residential and commercial customers . Co. also sells gasoline and diesel fuel to customers. Co. installs, maintains, and repairs heating and air conditioning equipment and to a lesser extent provide these services outside of its heating oil and propane customer base including service contracts for natural gas and other heating systems. Co. conducts its business through an operating subsidiary, Petro Holdings, Inc., utilizing seceral local brand names, such as Petro Home Services, Meenan, and Griffith Energy Services, Inc.
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