Ferrellgas

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Ferrellgas
Type Master Limited Partnership
Traded as NYSEFGP
Industry Retail Propane Distribution
Founded 1939 in Atchison, Kansas[1]
Founder(s) A.C. Ferrell
Headquarters Overland Park, Kansas, USA
Key people James E. Ferrell, (chairman)
Stephen L. Wambold, (president, ceo)
Ryan VanWinkle, (president, midstream operations and senior vice president and chief financial officer)
Tod D. Brown, (senior vp, sales & marketing, ferrellgas, president, blue rhino)
Revenue $1.98 billion USD (2013)
Employees 3,623 (2013)
Website www.ferrellgas.com

Ferrellgas Partners, L.P. is an American supplier of propane. Ferrellgas has corporate operations in the Kansas City suburbs of Liberty, Missouri and Overland Park, Kansas.

History[edit]

The company was founded in 1939 by A.C. Ferrell in Atchison, Kansas. Renaming itself Ferrellgas when A.C.'s son James assumed control, the company expanded across the Missouri River to acquire a Rushville, Missouri dealer in 1968. In the next ten years, the company acquired other Midwestern dealers and established a wholesale operation, and profited amid the energy crises of 1973 and 1979. During that time, the Ferrellgas headquarters shifted, moving first to Platte City, Missouri before moving further east to Kearney. Its expansion continued, opening Ferrell North America, a propane and feedstock distribution arm, in 1977. In 2004 it acquired Blue Rhino. Ferrellgas is the second largest propane distributor in the United States.

Ferrellgas retailer, Sumpter Twp., MI

In September 2009, James E. Ferrell stepped down as CEO in favor of his hand-picked successor, Steve Wambold. Wambold, a ten-year company veteran, had served as the company's president and COO since 2005.

Ownership[edit]

Although publicly traded on the New York Stock Exchange since 1994, the Ferrell family maintains a presence with the company. James E. Ferrell continues to serve as the company's chairman, and has twice been elected president of the World LP Gas Association. As of January 31, 2014, James E. Ferrell directly or beneficially owned 4,358,475 common units of Ferrellgas Partners, L.P. Ferrellgas employees indirectly own 21,469,664 common units of Ferrellgas Partners, L.P. through an employee stock ownership plan. Approximately 53 million common units are held by public unitholders.

Locations[edit]

Ferrellgas has approximately 800 retail locations in all 50 states in addition to Blue Rhino locations in Puerto Rico.

References[edit]

  1. ^ Founded as A.C. Ferrell Butane Gas Company in Atchison, Kansas

External links[edit]