Ferrellgas acquires Southern California retailer
Ferrellgas Partners LP acquired Valley Center Propane, an independent propane retailer based in Valley Center, California. Terms of the transaction were not disclosed.
Valley Center Propane has provided propane to communities in north San Diego County for more than 28 years, according to the company’s website.
“California has long been a successful market for Ferrellgas,” says Jim Ferrell, interim CEO and president at Ferrellgas. “Our purchase of Valley Center Propane further solidifies our presence in the state and helps us improve upon the service we offer to homes and businesses in north San Diego County. We are thrilled to welcome this well-respected business, its employees and customers into the Ferrellgas family.”
Ferrellgas has completed more than 235 acquisitions throughout its more than 75-year history, the company adds.