JP Energy Partners Announces Completion of Heritage Propane Express, LLC Acquisition
(June 7, 2012) – Irving, Texas – JP Energy Partners, LP, (“JPE”), is proud to announce the completion of the acquisition of Heritage Propane Express, LLC (“HPX”). The Federal Trade Commission approved the transaction on May 31st which was the final requirement needed to complete the transaction.
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide refinery services. JPE currently owns these assets through its subsidiaries Pinnacle Propane, JP Crude Oil Services and JP Refined Products. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. For more information about JP Energy Partners and Pinnacle Propane can be found at www.jpenergypartners.com and www.pinnpropane.com.
Heritage Propane Express is the 20 pound cylinder exchange division formerly owned by Heritage Propane. HPX through its network of production facilities delivers 20 pound cylinders primarily for home grilling, patio heating and mosquito suppression. End users can exchange an empty cylinder with a full cylinder at any of HPX’s network of providers. For more information about HPX go to www.heritagepropaneexpress.com.
Posted: June 7, 2012