Ferrellgas Partners completed its previously announced restructuring transactions, which it says strengthen its balance sheet while allowing it to continue as an employee-owned enterprise.
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Ferrellgas Partners LP and Ferrellgas Partners Finance Corp., which have no employees and no operations, intend to file a Chapter 11 bankruptcy case.
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Ferrellgas acquired Reliable Propane, a Sikeston, Missouri-based third-party Blue Rhino distributor with operations in the Midwest and South.
Read More Wylie LP Gas, a longtime independent Blue Rhino distributor, delivers propane cylinders to retailers in northwest Texas and south-central New Mexico.
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Ferrellgas acquired Salathe Gas Co. and North Star Exchange Inc., two third-party distributors of the company’s Blue Rhino barbecue tank exchange division.
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Ferrellgas Partners divested its Bridger Environmental, Bridger Transportation, Bridger Terminals and Blue Rhino Global Sourcing lines of business.
Read More Ferrellgas acquired Diamond Propane, a propane retailer serving residential, agricultural, industrial and commercial customers in New York.
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Ferrellgas sold 1,072 railcars, including 300 model DOT-117 and 772 model CPC-1232 railcars, to an undisclosed buyer for about $47 million.
Read More Ferrellgas Partners announced the sale of Bridger Energy to an undisclosed buyer. The terms of the transaction were not announced.
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Ferrellgas Partners designated DEG as its agency of record, allowing the full-service firm to shape its brand and marketing efforts.
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