| Liberty
Propane Announces Two More Acquisitions
OVERLAND PARK, KS -- Liberty
Propane has announced its acquisition of Able Propane in
Rockaway, New Jersey, and Valencia Propane in Belen, New
Mexico. Terms of the transactions were not disclosed.
“Able Propane establishes a strategic foothold for
us in the northeast market,” said Liberty CEO Kent
Misemer, who added that the northeast represents a target
market for the new propane company. “We are pleased
to join forces with the Able Propane team and to welcome
them into the Liberty family.” Misemer added that
the acquisition represents the addition of 3,600 customers
and close to two million gallons of retail delivery in the
new Liberty territory.
“Valencia Propane is an excellent strategic fit with
Liberty’s operation in Los Lunas, New Mexico,”
Misemer added. “This is an important and growing market
for us,” Misemer said. “We are excited to have
the Valencia folks on board.” All of the employees
of the two companies will be retained.
Liberty Propane is one of the nation’s most active
propane acquisition companies. Since its formation in July
of last year Liberty has acquired ten locations and has
operating units in the Rocky Mountains, Ohio Valley in addition
to the Northeast.
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.
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