Ferrellgas Gobbles Up Rio Grande Valley Gas

Law360, New York (January 5, 2012, 6:01 PM EST) -- Propane retailer Ferrellgas Partners LP has acquired Edinburg, Texas-based Rio Grande Valley Gas Inc., adding nearly 2,500 customers to its base and increasing its presence in southeast Texas, the company announced Thursday.

"The addition of Rio Grande Valley Gas is the most recent example of our commitments to growth in the Lone Star State and smart growth through acquisition. We expect this acquisition to be immediately accretive," Ferrellgas CEO Steve Wambold said in a statement Thursday.

The terms of the transaction were not immediately disclosed....
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