Ferrellgas Partners, L.P. has sold Blue Rhino Global Sourcing, Inc. to an undisclosed buyer
Ferrellgas Partners, L.P. has sold Blue Rhino Global Sourcing, Inc. (BRGS) to an undisclosed buyer.
BRGS is a leading designer and supplier of branded and private label consumer barbecue accessories, outdoor heating products and fireplace accessories as well as commercial cooking products. BRGS serves as a category manager for blue-chip retailers and commercial foodservice customers and boasts a portfolio of well-recognized brands including, Blue Rhino, Chef Master, Endless Summer, Mr. Bar-B-Q and UniFlame.
Ferrellgas Partners (NYSE: FGP), with revenues of over US$2 billion, primarily serves propane customers nationally and provides midstream services to major energy companies.
“We continue to pursue strategies that enable us to focus on our retail propane and Blue Rhino tank exchange businesses,” said James E. Ferrell, Interim Chief Executive Officer and President of Ferrellgas. “Our propane operations have seen strong growth this year and we have good momentum. We see that trend continuing as we build our company for long term success to the benefit of our customers, our employees and our investors.”
One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.
Talk to the deal team
Jerome S. Romano
Oaklins TM Capital
Paul R. Smolevitz
Oaklins TM Capital
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