Capstone Partners served as exclusive financial advisor to Ferrellgas Partners, L.P. (“Ferrellgas”) in the sale of Blue Rhino Global Sourcing, Inc. (“BRGS”) to an undisclosed buyer.
Ferrellgas Partners, L.P. (NYSE: FGP), with revenues of over $2 billion, primarily serves propane customers nationally and provides midstream services to major energy companies.
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 is not related to the Blue Rhino tank exchange business, which Ferrellgas will continue to own and operate.
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.
Our decision to select [Capstone Partners] to advise us on the recent divestiture of Blue Rhino Global Sourcing was key to achieving an exceptional transaction. They assembled an experienced team of professionals that thoughtfully orchestrated a flawless process by clearly articulating the complete value proposition to a universe of buyers, and successfully navigating a multitude of logistical, legal, and financial variables required to conclude the deal on time. At every step along the way, I always felt that [Capstone Partners] was there for us striving to deliver maximum shareholder value.
