One-Page Deal Sheet
Ferrellgas to Acquire Eagle Ford Service Provider Sable Environmental
Ferrellgas Lp Sable Environmental Llc
Announced Date
May 01,2014
Transaction Type
Corporate
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Ferrellgas Partners, L.P. has announced the entry into definitive agreements to acquire Sable Environmental, LLC and a related entity for $124.7 million.
Sable is a privately held, fast-growing fluid logistics provider in the Eagle Ford Shale region of south Texas.
Ferrellgas President and Chief Executive Officer Steve Wambold explained: "We are extremely pleased to announce yet another step toward strategic diversification and growth of cash flows by targeting complementary assets outside the propane space. Sable will provide a new platform for growth, both organically and through…