Suburban Propane Partners LP

Suburban Propane Partners LP

Suburban Propane Partners LP

Overview
Date Founded

1995

Headquarters

One Suburban Plaza,240 Route 10 West,Whippany, NJ 07981-2105

Type of Company

Public

Employees (Worldwide)

3,416

Industries

Power & Utilities

Company Description

Suburban Propane Partners (NYSE: SPH) has been in the customer service business since 1928. A Master Limited Partnership since 1996, Suburban is a value-oriented company managed for long-term, consistent performance. Headquartered in Whippany, New Jersey, Suburban is a nationwide marketer and distributor of a diverse array of products to meet the energy needs of our customers, specializing in propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. With nearly 2,600 full-time employees, Suburban maintains business operations in 30 states, providing prompt, reliable service to approximately 750,000 residential, commercial, industrial and agricultural customers through more than 300 locations

Contact Data
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Executives & Employees

Chief Executive Officer

Vice President Deputy General Counsel & Assistant Secretary

Chief Financial Officer & Chief Accounting Officer

Chief Operating Officer

Vice President & Controller

Senior Vice President

Senior Vice President, Information Services

Senior Vice President

Senior Vice President, Product Supply, Purchasing & Logistics

Board of Supervisors

Former Supervisor at Suburban Propane Partners LP

Chief Executive Officer at Suburban Propane Partners LP

Founder at Per Scholas, Inc.

Former Acting Governor of Massachusetts

Fund Advisor at Prudential Capital Group

Former Professional Practice Partner, Pennsylvania Business Unit at KPMG LLP

Managing Director at Mx SR LLC

Former Chief Financial Officer & Director at Kerr Group LLC

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Owners & Shareholders
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Abrams Capital Management provides investment advisory services to privately-offered alternative investment funds. The funds' primary investment objective is to maximize long-term total returns in variable market and economic conditions, while emphasizing preservation of capital. Abrams Capital's investment strategy is opportunistic and follows a fundamental, value-oriented approach. Investments generally are made with a long-term time horizon and are generally unlevered and long-biased. Abrams Capital and their affiliates have acquired and liquidated investments across a wide spectrum of asset types, investment strategies, market sectors, market cycles and industries. This spectrum includes, but is not limited to, distressed securities, private and/or illiquid securities, investments in pooled investment vehicles managed by unaffiliated investment advisers, and domestic and foreign equity and debt securities.

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A.D. Beadell Investment Counsel seeks to provide a steady source of value for investors through active management of stock and bond portfolios. The firm focuses on higher quality, lower-risk securities than is typical for their respective categories. They seek to realize consistent, above-market performance with below-average volatility using dependable investments.The firm works with each client to define individualized investment objectives in relation to the client's expectation for portfolio return and acceptable levels of risk. In meeting these objectives, A. D. Beadell emphasizes broad portfolio diversification as a means of managing risk. The firm may invest in domestic and foreign common stocks, preferred shares, convertible securities, corporate bonds, U.S. Treasury bonds, tax-exempt municipals, and certificates of deposit (CDs). In addition, they may invest in ETFs and mutual funds in cases where these offer diversification that is not otherwise obtainable. These vehicles may be used to gain exposure to commodities and foreign bonds. A.D. Beadell may also use option contracts on securities.

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AmericaFirst Capital Management (AFCM) manages open-ended mutual funds, UITs, as well as provides portfolio management services to their advisory clients. The firm's investment strategies rely on a data driven, quantitative approach, with strategies researched and comprehensively tested before implementation. AFCM manages four open-end mutual funds: the Quantitative Strategies Fund, the Absolute Return Fund, the Defensive Growth Fund and the Income Trends Fund.AFCM seeks to meet the unique and individual needs of their clients by offering two portfolio models for individual clients and separately managed accounts: the Moderate Growth allocation model, and our less volatile Asset Preservation Model.The Moderate Growth Model seeks to provide stock-like returns with less volatility (as measured by standard deviation and downside capture ratios). The model chooses from over 30 investment indices (long and short) and rebalances on an at least quarterly basis to proactively keep with market trends.The Asset Preservation Model seeks bond-like returns with less interest rate risk. The model mostly holds income-producing asset classes that have a low correlation to each other as well as to the stock market(s). The model may also hold alternative and balanced funds.

Recent Transactions
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Suburban Propane Partners LP issued Common Units

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Suburban Propane Partners LP issued Common Units

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Suburban Propane Partners LP purchases Inergy Propane LLC from Crestwood Equity Partners LP

Transaction Advisors
Auditor

Advised onSuburban Propane Partners LP issued Common Units

Underwriter

Advised onSuburban Propane Partners LP issued Common Units

Underwriter

Advised onSuburban Propane Partners LP issued Common Units

Managing Director

Advised onSuburban Propane Partners LP issued Common Units

Legal Advisor

Advised onSuburban Propane Partners LP issued Common Units

Professional

Advised onSuburban Propane Partners LP issued Common Units

Advisors & Consultants
Legal Advisor

Partner at Proskauer Rose LLP

Key Stats and Financials As of 2018
Market Capitalization
$1.47B
Total Enterprise Value
$2.71B
Earnings Per Share
$1.24
Revenue
$1.34B
Net Profit
$76.5M
EBITDA
$283M
EBITDAMargin
21.05%
Total Debt
$1.26B
Total Equity
$494M
Enterprise Value Sales
2.01x
Enterprise Value EBITDAOperating
9.56x
TEVNet Income
35.35x
Debt TEV
0.46x
Three Year Compounded Annual Growth Rate Of Revenue
-1.74%
Five Year Compounded Annual Growth Rate Of Revenue
-4.63%
Suppliers
Enterprise Products Partners LP Power & Utilities | Houston, TX

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.

Schmitt Industries, Inc. Appliances & Electronics | Portland, OR

Schmitt Industries, Inc. designs, manufactures and markets measurement and process control systems. It operates through the following segments: Balancer and Measurement. The Balancer segment develops balancing systems and components for the machine tool industry. The Measurement segment assembles laser based test and measurement solutions. The company was founded by Wayne A. Case in 1987 and is headquartered in Portland, OR.

Crestwood Equity Partners LP Power & Utilities | Dallas, TX

Crestwood Equity Partners LP owns and operates energy midstream infrastructure and engages in the natural gas liquids marketing, supply and logistics business. It operates through the following segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply and Logistics. The Gathering and Processing segment provides gathering and transportation services and processing, treating and compression services to producers in unconventional shale plays and tight-gas plays in North Dakota, West Virginia, Texas, New Mexico, Wyoming, Arkansas, and Louisiana. The Storage and Transportation segment includes COLT Hub, which is crude-by-rail terminal serving Bakken crude oil production. The Marketing, Supply and Logistics segment includes West Coast operations, supply and logistics operations, storage and terminals operations, crude oil and produced water trucking operations, and U.S. Salt, LLC. The company was founded on March 7, 2001 and is headquartered in Houston, TX.

Competitors
Ferrellgas Partners LP Power & Utilities - Overland Park, KS

For more than 70 years, Americans have relied on the nation's premiere propane provider, Ferrellgas, for their home, business, and agricultural propane needs. Throughout our history, we’ve prided ourselves on being not only propane industry leaders, but good neighbors to the approximately 1 million Customers we serve nationwide.

UGI Corp. Power & Utilities - King Of Prussia, Pennsylvania

UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. We are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (“LPG”)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services.

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