Business Combinations

12 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Business Combinations

11) Business Combinations

During fiscal 2012, the Partnership acquired seven heating oil and propane dealers. The aggregate purchase price was approximately $39.2 million, with $32.4 million of the gross purchase price allocated to intangible assets and $8.0 million to fixed assets, reduced by working capital credits of $1.2 million. The operating results of these seven acquisitions have been included in the Partnership’s consolidated financial statements since the date of acquisition, and are not material to the Partnership’s financial condition, results of operations, or cash flows. The fair values of the assets acquired and liabilities assumed are comprised primarily of intangibles and certain working capital items which are reflected in the Consolidated Balance Sheet as of September 30, 2012.

During fiscal 2011, the Partnership acquired four retail heating oil and propane dealers. The aggregate purchase price was approximately $9.7 million, with $4.3 million of the gross purchase price allocated to intangible assets and $3.5 million to fixed assets and other long term assets, and working capital of $1.9 million.

During fiscal 2010, the Partnership acquired five retail heating oil dealers. The aggregate purchase price was approximately $68.8 million, with $64.1 million of the gross purchase price allocated to intangible assets, $7.6 million to fixed assets, and $4.2 million to working capital, reduced by long term deferred tax liabilities of $7.1 million.