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Slide #26. Ferrellgas Partners, L.P. — IGS Propane
Ferrellgas Partners, L.P. (FGP)
Ferrellgas Partners, L.P., one of the nation's largest distributors of propane, announced today the acquisition of IGS Propane, the propane division of Industrial Gas & Supply of Naugatuck, Connecticut. The landmark purchase is Ferrellgas' first in The Constitution State. Specific terms of the transaction were not disclosed. The transaction will be immediately accretive.
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. 92% of all stocks covered)
Based on Zacks ABR data;
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