Liberty Propane Announces Two Additional Acquisitions

OVERLAND PARK, KS -- Liberty Propane has announced its acquisition of Tony Yates Welding and Gas Service on Nantucket Island, Massachusetts, and SunEnergy Propane of Phoenix, Arizona. Terms of the transactions were not disclosed.

“We are quite pleased to have strengthened our presence both in the Northeast and the Southwest, two of our strategic territories,” Kent Misemer, Liberty’s CEO remarked. Misemer added that the acquisitions represent the addition of over 9,500 new customers to Liberty’s rapidly growing base.

“Both of these companies are unique,” Misemer said, “and each is unique in very different ways, representing the diversity of their respective locations. Yates Gas is an island business with a long history of solid customer service, while SunEnergy is a rapidly growing company in Phoenix, one of the country’s most dynamic growth regions. The new employees are all a pleasure to work with and we are delighted to have them on board.”

Liberty Propane is one of the nation’s most active propane acquisition companies. Since its formation in July of 2003, Liberty has acquired thirteen locations and has operating units in the Southeast and the Ohio Valley in addition to the Northeast and the Southwestern United States.

The information presented herein may contain certain “forward-looking statements” within the meaning of the federal securities laws. The Partnership’s actual future performance will be affected by a number of factors, risks and uncertainties, including, without limitation, weather conditions, regulatory changes, competitive factors, and the operations of vendors, suppliers and customers, many of which are beyond the Partnership’s control. Future events and results may vary substantially from what the Partnership currently foresees, and there can be no assurance that the Partnership’s actual results will not differ materially from its expectations. The Partnership undertakes no obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.