Liberty Propane Acquires Bells Mills Gas

OVERLAND PARK, KS -- Newly formed Liberty Propane has announced its acquisition of Bells Mills Gas in Punxsutawney, Pennsylvania for an undisclosed amount. Bells Mills will add over 2400 customers to Liberty Propane’s operations.

“The acquisition of Bells Mills Gas represents a foothold for us in the Ohio Valley,” Kent Misemer, Liberty’s CEO, said of the transaction. “We will now pursue further attractive acquisition candidates in the region, as well as the Rocky Mountains and other targeted areas.”

Bells Mills has delivered propane in the Punxsutawney region for over 65 years. Liberty plans to operate under the Bells Mills trade name and will retain all its employees.

Liberty Propane is the nation’s newest acquisitive propane company and is backed by Sterling Capital of Northbrook, Illinois and sponsored by Jordan, Knauff & Company, a Chicago firm specializing in investment and merchant banking.

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.