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Slide #2. Ferrellgas Partners, L.P. — Sable Environmental
Ferrellgas Partners, L.P. (FGP)
Ferrellgas Partners, L.P. (NYSE:FGP), one of the nation's largest distributors of propane, today announced it has closed on its acquisition of Sable Environmental, LLC and a related entity ("Sable") for $124.7 million. Sable is a privately held, fast-growing fluid logistics provider in the Eagle Ford Shale region of south Texas. Subsequent to the acquisition of Sable, Sable's ownership group purchased $50 million of the partnership's common units in a registered offering.
Ferrellgas Partners is primarily engaged in the retail distribution of propane and related equipment sales. Co.'s activities are primarily conducted through its operating partnership, Ferrellgas, L.P. Co. has one reportable operating segment: propane operations and related equipment sales. Co.'s operations primarily include the distribution and sale of propane and related equipment and supplies with concentrations in the Midwest, Southeast, Southwest and Northwest regions of the United States. Co.'s other activities in its propane operations and related equipment sales segment include the following: the sale of refined fuels, and common carrier services.
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Strong Sell (0.00 out of 4)
(ranked lower than approx. 83% of all stocks covered)
Based on Zacks ABR data;
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