Latest Gasco Energy Supply News
Dec 18, 2015
Earnings Scheduled For December 9, 2015 Ferrellgas Partners, L.P. (NYSE: FGP ) today announced the acquisition of Gasco Energy Supply LLC, an independent propane retailer based in Eldon, Missouri, that services residential, industrial/commercial, and agricultural accounts throughout the Ozark region. The transaction is expected to be immediately accretive and demonstrates the partnership's ongoing commitment to growing its core propane business through acquisitions that fit its operating model. "Like Ferrellgas, Gasco has a long history of providing excellent service to its customers, no matter what segment of the business they may fall into," said Ferrellgas' President and Chief Executive Officer Steve Wambold. "We look forward to building on their proud tradition and to welcoming Gasco's employees into the Ferrellgas family. " During its more than 75-year history, Ferrellgas has completed more than 235 acquisitions – moves that have helped it grow 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. In 2014, the company also began aggressively pursuing a diversification strategy that has seen it begin to acquire assets in the crude oil midstream, as well – most notably last June's $837.5 million dollar acquisition of Bridger Logistics. © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.