The purchase includes four outlets, representing substantially all of the assets of Chicago-based Active Propane Co. Active is the largest participant in the grill cylinder exchange business in the Chicago area.
In a separate transaction, AmeriGas acquired three propane distribution outlets from Whippany, NJ-based Suburban Propane Partners, LP and all of the propane distribution businesses of Greeley, CO-based Rocky Mountain LP and Jackson, NJ-based Noreika Gas.
With approximately 650 locations in 46 states, AmeriGas is the nation's largest retail propane marketer. It serves approximately 1.2 million customers. Eugene V.N. Bissell, CEO, said, "we are committed to grow AmeriGas through the acquisition of successful marketers" along with expanded national accounts and new residential and commercial customers.
With 650 locations in 46 states, AmeriGas is the nation's largest retail propane marketer. Through subsidiaries, Canada's UGL Corp. owns 51% of the AmeriGas partnership and individual unit holders own the remaining 49%.
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