Investments in and Acquisitions and Dispositions of Businesses (Tables)

12 Months Ended

Sep. 30, 2023

Business Combinations [Abstract]

Schedule of purchase price of operating facilities Table Text Block

The purchase price of $190,000 for the two operating facilities, along with potential contingent consideration primarily based upon the future economic performance of the acquired RNG assets, consisted of the following:

Consideration paid at closing	$	110,348
Assumption of debt and accrued interest		81,717
Total		192,065
Less: estimated cash and working capital		(2,065	)
Total purchase price	$	190,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The consolidated balance sheet at September 30, 2023 reflects the allocation of the purchase price to the assets acquired and liabilities assumed. The following table summarizes the fair value of the assets acquired and liabilities assumed as of December 28, 2022:

Assets acquired:
Cash and cash equivalents	$	1,560
Accounts receivable		4,150
Other current assets		178
Current assets acquired		5,888
Property, plant & equipment		91,490
Other intangibles		48,024
Goodwill		31,759
Other assets		13,372
Total assets acquired		190,533
Liabilities assumed:
Accounts payable	$	(6,122	)
Other current liabilities		(1,969	)
Long-term debt		(65,776	)
Other noncurrent liabilities		(6,318	)
Total liabilities assumed		(80,185	)
Total net assets acquired	$	110,348

Schedule of unaudited pro forma combined financial information

The following table presents unaudited pro forma combined financial information as if the aforementioned acquisition had occurred on September 26, 2021, the first day of the Partnership’s 2022 fiscal year:

	Year Ended
	September 30,		September 24,
	2023		2022
Revenues	$	1,433,124	$	1,518,982
Net income		113,644		116,838

Summary of Acquisition and Purchase Price Allocation

Pursuant to the Partnership’s strategic growth initiatives, the Operating Partnership acquired the propane assets and operations of various propane retailers in each of the last three fiscal years as summarized below. The purchase price allocations and results of operations of the acquired businesses were not material to the Partnership’s consolidated financial position and statement of operations.

Fiscal Year	Total consideration (1)
2023	$	19,651	(2)
2022	$	26,707	(3)
2021	$	9,813	(4)

(1) Total consideration includes non-compete consideration, which will be paid over the respective non-compete periods subject to

compliance with the terms of the respective agreements, investments in Oberon and excludes working capital adjustments.

(2) Includes one acquisition of a propane retailer located in Washington.

(3) Includes one acquisition of a propane retailer located in New Mexico.

(4) Includes one acquisition of a propane retailer located in North Carolina.