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Business Combinations and Divestitures
3 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Business Combinations and Divestitures

9) Business Combinations and Divestitures

During fiscal year 2022 the Company has acquired three heating oil dealers for an aggregate purchase price of approximately $4.2 million; $3.3 million in cash and $0.9 million in deferred liabilities.  The gross purchase price was allocated $2.9 million to intangible assets, $2.1 million to fixed assets and reduced by $0.8 million in working capital credits.  The acquired companies’ operating results are included in the Company’s consolidated financial statements starting on their respective acquisition date, and are not material to the Company’s financial condition, results of operations, or cash flows.

On October 27, 2020, the Company sold certain propane assets for cash proceeds of $6.1 million.

On December 31, 2020, the Company acquired two propane dealers for approximately $37.9 million; $37.1 million in cash and $0.8 million of deferred liabilities.  The gross purchase price was allocated $32.7 million to intangible assets, $5.7 million to fixed assets and reduced by $0.5 million in working capital credits.