Ferrellgas Partners has said that the acquisition will strengthen the partnership's presence in a key market and it is anticipated that it will be immediately accretive to earnings. Specific terms of the transaction were not disclosed.

Ryan VanWinkle, senior vice president and CFO of Ferrellgas Partners, said: "We are very pleased to announce this latest acquisition as it supports our continued focus on disciplined growth through acquisition, complimenting our well-established organic growth initiatives.

"We look forward to our new employees becoming valuable members of the Ferrellgas team and providing industry leading service to our customers."

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