By Kansas City Business Journal

Ferrellgas Partners LP announced Monday that it purchased a Georgia-based propane retailer, the second acquisition by the Overland Park-based propane company in less than a month.

Ferrellgas (NYSE: FGP) did not disclose financial terms of its purchase of Bennett Gas Co., which serves industrial and residential customers in Georgia and South Carolina.

Acquisitions of small, independent gas retailers like Bennett Gas Co. are a common path of growth in the propane business, in which 55 percent to 60 percent of the fragmented market still is occupied by small companies.

Ferrellgas acquired Kings River Propane, another independent propane retailer in California, on Dec. 10.

⿿Like Ferrellgas, Bennett Gas Co. has a long, proud history of servicing the needs of customers in eastern Georgia and western South Carolina,⿝ Ferrellgas CEO Steve Wambold said in a written statement.

Copyright 2011 American City Business Journals

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