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Slide #3. 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 the entry into definitive agreements to acquire 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.
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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