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Ferrellgas expands in midstream services space with Bridger Logistics buy :

Jun 02, 2015 - The Deal Pipeline
Mergers and Acquisitions

Ferrellgas Partners LP (FGP), the nation's second-largest propane distributor, on Monday agreed to acquire crude oil transportation and storage company Bridger Logistics LLC for $837.5 million in a cash-and-stock deal that expands its newly established presence in the midstream services market.

"This is a landmark transaction for Ferrellgas and represents a key milestone in our diversification efforts," said Ferrellgas vice president, Todd Soiefer, in a June 1 statement. "Bridger's establi...