Ferrellgas acquires Blue Rhino distributor Wylie LP Gas

November 2, 2018 By     0 Comments

Ferrellgas Partners acquired Wylie LP Gas Inc., a third-party Blue Rhino distributor headquartered in Lubbock, Texas.

Wylie, a longtime independent Blue Rhino distributor, delivers propane cylinders to retailers in northwest Texas and south-central New Mexico. According to the company, the acquisition is further indication of the company’s commitment to growing its core propane business. The purchase gives the company the opportunity to better serve its tank-exchange customers throughout the region while improving operational efficiencies and lowering production expenses, Ferrellgas says.

“This is another important step forward for Ferrellgas and Blue Rhino as we seek to provide the best service to our retail tank exchange customers,” says Jim Ferrell, interim CEO of Ferrellgas. “As Blue Rhino continues to expand its customer base, we likewise continue to identify new and improved ways to efficiently and effectively expand our capabilities to meet demand.”

The transaction is expected to be immediately accretive and follows recent purchases of third-party Blue Rhino distribution companies Salathe Propane, North Star Exchange and Tapper Propane Equipment.

*Featured image: iStock.com/designer491

This article is tagged with , , , , and posted in News

About the Author:

Clara Richter is the managing editor at LP Gas magazine. Contact her at crichter@northcoastmedia.net or 216-363-7920.

Post a Comment